2000-01-27_GENERAL DOCUMENTS - M1977493

• Permit No: M1977493
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 1/27/2000
• Doc Name: Change of Ownership
• From: Climax
• To: DMG
• Permit Index Doc Type: General Correspondence
• Media Type: D
• Archive: No

® CLIMAX MOLYBDENUM COMPANY o°`°""°°° "A
CLIMAX Mine Mine
A Division of Cyprus Climax Metals Co Hwy.91
Climax,Colorado 80429
[phone]
Fax:[phone]
January 24, 2000 RECEIVED
Mr. Allen Sorenson
Colorado Department of Natural Resources Are > jGUll
Division of Minerals and Geology
1313 Sherman Street, Room 215 :ffislon of Minerab&Geology
Denver, CO 80203
Re: Climax Mine MLRB Permits M-77-493 and M-81-234
Dear Mr. Sorenson:
The Climax Mine possesses the above referenced permits with the Colorado Department
of Natural Resources, Division of Minerals and Geology. The Climax Mine wishes to advise the
Division of Minerals and Geology of a recent change of ownership in its parent corporate
structure. The corporate ownership for the Climax Mine Is as o ows: '
1. The Climax Mine is a division of Climax Molybdenum Company;
2. Climax Molybdenum Company is a wholly owned subsidiary of the Cyprus Climax
Metals Company;
3. The Cyprus Climax Metals Company is a wholly owned subsidiary of the Cyprus
Metals Company, and
4. Prior to December 2, 1999, the Cyprus Metals Company was a wholly owned
subsidiary of the Cyprus Amax Minerals Company.
On December 2, 1999, Cyprus Amax Minerals Company merged into and with C.A.V.
Corporation, a wholly owned subsidiary of Phelps Dodge Corporation. From and after that date,
Cyprus Metals Company and all of its downstream subsidiaries (including the Climax Mine) are
direct, wholly owned subsidiaries of C.A.V. Corporation and indirectly, Phelps Dodge Corporation.
To facilitate the merger, C.A.V. Corporation changed its name to Cyprus Amax Minerals
Company.
As you can see, although there has been a change in the parent corporate structure,
there has been no change in the entity structure of the permittee. Please be assured that the
operating entity holding the permits will remain the same, subject to all of the permit's current
terms and conditions. As a result of the merger C.A.V. Corporation assumed all pre-merger
responsibilities of Cyprus Amax Minerals Company. Therefore, any and all responsibilities and
obligations held by the parent corporations in reference to these permits prior to December 2,
1999, remain in full effect against the current corporate ownership. Please contact me if the
Division of Minerals and Geology has any questions, or requires any additional information.
Sincerely,
e/zomig
Climax Mine
cc: R. Mohr- Phelps Dodge Corporation