Article: Phelps Dodge cuts its copper production from its New Cornelia mine at Ajo, Arizona.

NEW YORK, Aug. 6 /PRNewswire/ -- Phelps Dodge Corporation announced today that it will suspend copper production from its New Cornelia branch mine and concentrator at Ajo, Ariz. effective Sunday, Aug. 12. The smelter at Ajo will continue to operate, treating material from Phelps Dodge's other mines at Morenci, Ariz. and Tyrone, N.M.

The company said that it was hopeful that the price of copper would improve sufficiently in the coming months to permit an early resumption of operations. Nevertheless, it appears certain that the shutdown will last for at least three months, the company said. Normal production from the Ajo mine and concentrator is ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!