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PHELPS DODGE MORENCI MINE WINS NATION'S HIGHEST MINE SAFETY AWARD

 PHOENIX, Arizona, June 30 /PRNewswire/ -- Phelps Dodge Mining Company, a division of Phelps Dodge Corporation (NYSE: PD), today announced that its Morenci Branch mine in Morenci, Arizona has been named the safest open pit mine in the country and will receive the Sentinels of Safety Award, this nation's most prestigious mine safety award.
 Sentinels of Safety Awards have been presented each year since 1925 to the safest mine in each of eight categories with at least 30,000 employee hours with no lost-time injuries. The Phelps Dodge mine in Tyrone, New Mexico was first runner-up in the award competition and the nation's second safest mine in the open pit category with 409,021 hours. Employees at the Morenci operations worked nearly two million hours in 1992 without a single lost-time injury, nearly 10 times more hours than recorded in any of the other eight mine categories.
 "These outstanding achievements reflect the commitment to safety and team spirit of our employees at Morenci and Tyrone operations," said J. Steven Whisler, President of Phelps Dodge Mining Company. "We are extremely proud that their actions have set the standard for safety throughout the industry. At all of the Phelps Dodge Mining Company properties, we are committed to safe production."
 The award is cosponsored by the U.S. Department of Labor Mine Safety and Health Administration (MSHA) and the American Mining Congress (AMC), the U.S. mining industry's trade association.
 In a separate press release, Robert B. Reich, U.S. Secretary of Labor, said that the industry's safety record in 1992 is unsurpassed. "This year's recipients of the prestigious awards have shown the way in making 1992 the safest year in U.S. mining history," he said.
 Phelps Dodge Corporation is the world's second largest producer of copper. The company is also one of the world's largest producers of carbon black, 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 24 other countries.
 -0- 6/30/93
 /CONTACT: Thomas M. Foster of Phelps Dodge, 602-234-8139/
 (PD)


CO: Phelps Dodge Mining Co.; Phelps Dodge Corp. ST: Arizona IN: MNG SU:

JL -- SD004 -- 7418 06/30/93 18:14 EDT
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Publication:PR Newswire
Date:Jun 30, 1993
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