| A Kennecott Minerals Company affiliate conducted exploration
activities, including sinking a shaft and testing copper-nickel ore
recovery processes, during the mid-1970s at a site located near Babbitt,
Minnesota. Kennecott sealed the shaft, stabilized the remaining ore
processing sites and achieved final reclamation in 1995. Monitoring of
surface water and ground water has demonstrated no evidence of impact
from the exploration activities. Wildlife abound on the site, including
moose, deer and black bear. Monitoring will continue on a voluntary
basis through the year 2002. |

Reclaimed site of former exploration activities |