Denver (PROTEXT) - Cyprus Amax Minerals Company (NYSE: CYM)announced that it has set November 1, 1999, as the date forshareholders of record to receive an Information Statementpertaining to a special shareholders' meeting to be called toconsider Cyprus Amax's merger with Phelps Dodge Corporation. Cyprus Amax Minerals Company, headquartered in Englewood,Colorado, is a leading producer of copper and the world's largestproducer of molybdenum. Cyprus Amax is exploring for mineralsworldwide. On September 30, 1999, Cyprus Amax and Phelps Dodgeentered into a definitive merger agreement under which PhelpsDodge would acquire Cyprus Amax. Actual results may vary materially from any forward-lookingstatement the Company makes. Refer to the Cautionary Statementand Risk Factors contained in the Company's most recent Form 10-K. To obtain a faxed copy of this or any Cyprus Amax newsrelease, call 1-800-758-5804, ext. 224250. News releases can alsobe accessed via the Internet at the Cyprus Amax web site,http://www.cyprusamax.com. ots Original Text Service: CyprusAmax Minerals Company Internet: http://www.newsaktuell.deContact: Gerald J. Malys Senior Vice President and ChiefFinancial Officer (USA) 303-643-5060, or John Taraba, VicePresident and Controller (USA) 303-643-5244, both of Cyprus AmaxMinerals Company Company News On-Call:http://www.prnewswire.com/comp/224250.html or Fax, (USA) 800-758-5804, ext. 224250 Web site: http://www.cyprusamax.com
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