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PHELPS DODGE FILES SHELF REGISTRATION STATEMENT WITH SEC

 PHELPS DODGE FILES SHELF REGISTRATION STATEMENT WITH SEC
 PHOENIX, Arizona, December 6, 1991 /PRNewswire/ -- Phelps Dodge Corporation (NYSE: PD) today announced it has filed a shelf registration statement with the Securities and Exchange Commission for up to $250 million of debt securities to be issued from time to time in one or more series. Phelps Dodge intends to use the net proceeds from the sale of these securities for possible refinancing of some of its outstanding borrowings and for general corporate purposes.
 Phelps Dodge is the world's second largest producer of copper. The company is also the world's second largest producer of carbon blacks, the leading North American fabricator of wheels and rims for medium and heavy trucks, a major manufacturer of magnet wire and specialty conductors, and has operations and investments abroad in mines and wire and cable manufacturing facilities. The company's operations are located throughout the United States and in 22 other countries.
 -0- 12/6/91
 /CONTACT: Thomas M. Foster of Phelps Dodge, 602-234-8139/
 (PD) CO: Phelps Dodge Corporation ST: Arizona IN: MNG SU:


CH -- SD001 -- 0124 12/06/91 12:59 EST
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Publication:PR Newswire
Date:Dec 6, 1991
Words:186
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