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MAGMA COPPER CO.'S STOCKHOLDERS APPROVE SINGLE CLASS OF COMMON STOCK

MAGMA COPPER CO.'S STOCKHOLDERS APPROVE SINGLE CLASS OF COMMON STOCK
 TUCSON, Ariz., Nov. 3 /PRNewswire/ -- Magma Copper Co. (NYSE: MCU) today reported that, at a Special Meeting of Stockholders held in Tucson, on Oct. 30, 1992, the stockholders of Magma Copper Co. voted to amend its Certificate of Incorporation to reclassify and convert all shares of Class A Common Stock and Class B Common Stock into a new, single class of common stock. The amendment, which required an 80 percent super majority vote, passed with more than 84 percent of the stockholders voting in favor.
 Magma Copper Co., one of the largest primary copper producers in the United States, produces high-quality copper cathode and rod for sale to customers worldwide. Magma has operations in San Manuel, Miami, Superior and Humboldt, Ariz., and Ely, Nev. Magma Metals Co., a wholly owned subsidiary, operates Magma's smelting and refining complex located in San Manuel which represents approximately 25 percent of the U.S. smelting capacity. Corporate headquarters are in Tucson.
 -0- 11/3/93
 /CONTACT: Richard P. Johnson, 602-575-5670, or Kimberly L. Wick, 602-575-5673, both of Magma Copper/
 (MCU) CO: Magma Copper Co. ST: Arizona IN: MNG SU:


JL -- SD002 -- 1916 11/03/92 08:00 EST
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Publication:PR Newswire
Date:Nov 3, 1992
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