Phelps Dodge Corp. to Conduct Webcast of Its Third Quarter 2006 Conference Call

PHOENIX, Oct. 16 /PRNewswire-FirstCall/ -- Phelps Dodge Corp. will conduct a live audio Webcast of its third quarter 2006 conference call with the financial community Tuesday, Oct. 24, 2006, at 10:30 a.m. EDT. J. Steven Whisler, chairman and chief executive officer, will serve as host and will review third quarter 2006 financial results, which will be released before the open of the New York Stock Exchange on Oct. 24. Management also will provide its outlook for the fourth quarter 2006. The public is invited to listen.

The Webcast can be accessed at http://www.phelpsdodge.com/. Participants are encouraged to test their systems and register for the event in advance of the Webcast. An archive of the Webcast will be available through Oct. 31.

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 14,500 people worldwide.