Phelps Dodge Corporation engages in the production of copper, molybdenum, molybdenum-based chemicals, and continuous-cast copper rod worldwide. The company operates in two divisions, Phelps Dodge Mining Company (PDMC) and Phelps Dodge Industries (PDI). The PDMC division has five copper production segments in the United States, including Morenci, Bagdad, Sierrita, Chino/Cobre, and Tyrone; and three copper production segments in South America consisting of Candelaria/Ojos del Salado, Cerro Verde, and El Abra. These segments include open-pit mining, underground mining, sulfide ore concentrating, leaching, solution extraction, and electrowinning. In addition, the Candelaria, Ojos del Salado, Morenci, Bagdad, Sierrita, and Chino mines produce gold and silver; the Bagdad, Sierrita, and Chino mines produce molybdenum and rhenium; and the Cerro Verde mine produces molybdenum and silver. This segment also developing a copper mine in Safford, Arizona; and a copper/cobalt mine in the Katanga province in the Democratic Republic of Congo. PDMC’s Manufacturing segment consists of conversion facilities, including smelters, refineries, and rod mills. It also purchases and sells copper. PDMC’s Molybdenum segment produces molybdenum, with mining, roasting, and processing facilities that produce molybdenum-based chemicals, molybdenum metal powder, and metallurgical products. In addition, it roasts and/or processes material on a toll basis. The PDI division consists of Wire and Cable segment, which produces engineered products principally for the energy sector in Latin America, Asia, and Africa. Its products are used in lighting, power distribution, and other electrical applications. This segment primarily sells its products to contractors, distributors, and public and private utilities. Phelps Dodge Corporation was founded in 1834 and is headquartered in Phoenix, Arizona. As of March 19, 2007, Phelps Dodge Corp. is a subsidiary of Freeport-McMoRan Copper & Gold, Inc.