Phelps Dodge Appoints David H. Elliott to Newly Created Position of Vice President-Cobalt Marketing

PHOENIX, Dec. 21 /PRNewswire-FirstCall/ -- David H. Elliott has been appointed vice president-cobalt marketing for Phelps Dodge Sales Co., a division of Phelps Dodge Corp. , the company announced today.

In this newly created position, Elliott, 44, will finalize and implement cobalt marketing plans for Phelps Dodge. The company is expected to become a large producer of the metal in late 2008 when the Tenke Fungurume copper/cobalt project in the Democratic Republic of the Congo begins operation.

For the past two years, Elliott was director-business development for nickel at Falconbridge Ltd. in Canada. Before that, he served Falconbridge in Brussels as director-cobalt marketing and market development.

Elliott has worked in a number of marketing positions as well as in process and product engineering roles for Falconbridge and for Canadian steel producer Dofasco. He holds a bachelor of science degree in metallurgy from McMasters University in Hamilton, Ontario.

Phelps Dodge is one of the world's leading producers of copper and molybdenum and is the largest producer of molybdenum-based chemicals and continuous-cast copper rod. The company employs 15,000 people worldwide.