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CYPRUS MINERALS NAMES M. H. WARD CHAIRMAN, PRESIDENT, AND CEO

 CYPRUS MINERALS NAMES M. H. WARD CHAIRMAN, PRESIDENT, AND CEO
 DENVER, May 13 /PRNewswire/ -- Cyprus Minerals Co. (NYSE: CYM) announced today the appointment of Milton H. Ward as chairman, president, and chief executive officer effective May 14.
 Chairman Calvin A. Campbell, Jr., who has served as president and CEO since the search process began in February, said, "I am delighted the board of directors' search committee was able to provide Cyprus with a chief executive of Milt's experience and achievement, and I am equally delighted that he accepted this fine opportunity. I've known and worked with Milt for years and have confidence that he will lead our excellent employees to the highest levels of performance for the benefit of our shareholders. I am looking forward to working with Milt in my continuing role as a director of Cyprus."
 Previously, Ward was president, chief operating officer, director, and member of the office of the chairman of Freeport-McMoRan Inc., and chairman and CEO of Freeport-McMoRan Copper and Gold Co. Freeport, based in New Orleans, is one of the world's largest finders, developers, and producers of mineral products. The company is known as a low-cost copper and gold producer and a large, low-cost producer of phosphate fertilizer, sulphur, and oil and natural gas.
 "Cyprus has had a dynamic and successful history in the mining industry," Ward said. "I am happy to become associated with such a fine organization. I look forward to working with the management team, employees, and the board of directors."
 Before joining Freeport Minerals Co. in 1974, Ward served as vice president of operations for Ranchers Exploration and Development Co. He also was general manager of United Nuclear-Homestake Partners for Homestake Mining Co. Earlier, Ward held various positions with Kerr-McGee Corp. and San Manuel Copper Corp.
 Ward is vice chairman, director, and past chairman of the American Mining Congress; a member of the Executive Committee and past president of the Mining and Metallurgical Society of America; a member of the board of the International Copper Association; and a member of the board of the American Foundation for Phosphate Production. He is a Distinguished Member Award winner and Saunders Gold Medal recipient of the American Institute of Mining Engineers and a director of the International Council on Metals and the Environment.
 The former Freeport-McMoRan executive holds a B.S. in Mining Engineering and an M.S. in Engineering from the University of Alabama, and an M.B.A. from the University of New Mexico. He is married and has two grown children.
 Cyprus Minerals, headquartered in Englewood, Colo., is a major producer of copper, coal, lithium, talc, and molybdenum. The company also produces gold and iron ore.
 -0- 5/13/92
 /CONTACT: Michael Rounds of Cyprus Minerals, 303-643-5186/
 (CYM) CO: Cyprus Minerals Co. ST: Colorado IN: MNG SU: PER


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Publication:PR Newswire
Date:May 13, 1992
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