Cyprus Mines Corporation is a Phoenix-based entity and a wholly-owned subsidiary of Cyprus Amax Minerals Co., which is an indirect subsidiary of Freeport-McMoRan Inc. Established in 1916, the company historically operated in the talc and mineral mining sectors, managing approximately eight U.S. mines and employing over 500 people at its peak. Currently, the company maintains limited operations, including real property holdings in Colorado, Michigan, Vermont, and Wyoming, and a subsidiary, Climax Molybdenum Asia.