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CONSENT OF INDEPENDENT ACCOUNTANTS We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 33-26442) of Phelps Dodge Corporation of our report dated June 23, 2000 relating to the financial statements of the Phelps Dodge Employee Savings Plan, which appears in this Form 11-K. PricewaterhouseCoopers LLP Phoenix, Arizona June 26, 2000
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