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CYPRUS MINERALS NAMES JEFFREY CLEVENGER TO HEAD COPPER COMPANY

 DENVER, Jan. 27 /PRNewswire/ -- Cyprus Minerals Co. (NYSE: CYM) today named Jeffrey G. Clevenger president of its largest operating segment, Cyprus Copper Co. Clevenger 43, formerly Cyprus Copper senior vice president, assumes his new position at the Tempe, Ariz. headquarters of the Cyprus unit. In addition, Clevenger was elected a senior vice president and an officer of Cyprus Minerals. He succeeds F. Steven Mooney, 58, who has headed Cyprus Copper since 1988 and has elected to take early retirement.
 Clevenger joined Cyprus in August of 1992 from Phelps Dodge Corp. (NYSE: PD) (PD), where he was responsible for the Morenci mining complex in Arizona,
serving as president of Phelps Dodge Morenci Inc. At


Cyprus Copper he has been responsible for Cyprus' major copper operations in Arizona and other metals facilities. Clevenger joined PD in 1973 after graduating in mining engineering from New Mexico Institute of Mining and Technology.
 Milton H. Ward, chairman, president, and chief executive officer of Cyprus Minerals, said, "Steve Mooney leaves with our gratitude and best wishes. We are delighted to have a copper miner of Jeff Clevenger's stature to lead the Copper Company and carry out our ambitious plans for growth in that business in the 1990s. His experience and accomplishments as a can-do copper executive are great assets to the company. Our specific objectives remain unchanged: cost reduction, overall performance improvement, and growth through internal and external expansion. While we made progress last year, we expect further improvements in 1993 and beyond."
 Cyprus Minerals is a major producer of copper, coal and lithium. The company also produces molybdenum, gold, iron ore and zinc.
 -0- 1/27/93
 /CONTACT: Michael Rounds of Cyprus Minerals, 303-643-5186/
 (CYM PD)


CO: Cyprus Minerals Co.; Cyprus Copper Co. ST: Colorado, Arizona IN: MNG SU: PER

BB -- DV008 -- 9653 01/27/93 12:19 EST
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Publication:PR Newswire
Date:Jan 27, 1993
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