The Company also produces molybdenum and molybdenum products. The Company consists of two divisions, Phelps Dodge Mining Company and Phelps Dodge Industries. Phelps Dodge Mining Company is the Company's international business segment that comprises a group of companies involved in vertically integrated copper operations including mining, concentrating, electrowinning, smelting and refining, rod production, marketing and sales. Phelps Dodge Industries is the manufacturing division comprising two business segments that produce engineered products principally for the global energy, telecommunications, and transportation and specialty chemicals sectors. Net income before acct.
Results reflect lower realized selling prices and higher copper production costs.
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