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CYPRUS MINERALS ANNOUNCES PUBLIC OFFERING OF $150 MILLION OF 8 3/8 PERCENT DEBENTURES

 DENVER, Jan. 29 /PRNewswire/ -- Cyprus Minerals Co. (NYSE: CYM) today announced the public offering of $150 million of 8 3/8 percent debentures due Feb. 1, 2023 priced at 99.075 percent to yield 8.46 percent.
 The debentures are redeemable at the option of the company on and after Feb. 1, 2003 at 103.73 percent, declining ratably to par on and after Feb. 1, 2013.
 The company will use the net proceeds from the offering for general corporate purposes, including, among other things, capital expenditures.
 The First Boston Corp. and Kidder, Peabody & Co. Inc. are underwriters for the offering.
 Cyprus Minerals, headquartered in Englewood, Colo., is a major producer of copper, coal and lithium.
 -0- 1/29/93
 /CONTACT: Michael Rounds of Cyprus Minerals, 303-643-5186/
 (CYM)


CO: Cyprus Minerals Co. ST: Colorado IN: MNG SU: OFR

BB -- DV004 -- 0920 01/29/93 16:26 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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