The following is a letter written by Kennecott Copper Corporation on March 13, 2006.


March 13, 2006

Reference: All Contractor Personnel Involved in Project
                 From Start of Work Through February 15, 2006
Subject: Safety Award
To Eligible Contractor Employees,

We on the Pebble Crushing Project Management team wish to congratulate all the contractors' personnel involved in the project to February 15, 2006, as we have surpassed 100,000 safe man hours without an accident or first aid incident.

Please accept this jacket as a reward for your effort in maintaining a safe and accident free work place. We expect to continue an accident free work place until the total completion of the project.

Once again our congratulations and thanks for help in maintaining a safe, accident free project.

Sincerely,
KENNECOTT COPPER CORPORATION
Bruno Hildebrandt
Project Manager

cc: John Staats
Don Einarson


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