Phelps Dodge Corp. Invites You to Join Its Webcast

The Executive vice president & C.F.O. of Phelps Dodge Corp., Ramiro G. Peru, will have a presentation at Merrill Lynch’s Global Metals, Mining & Steel Conference in Miami, Fla., on May 9th, at 3:25 p.m. E.T. Peru’s 35-minute presentation can be accessed at http://www.phelpsdodge.com/. Participants are encouraged to test their computers & sign-up in advance for the Webcast. The May 9th webcast will be available until May 16th. The public is invited to listen.