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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001209191-07-014756.txt : 20070301
<SEC-HEADER>0001209191-07-014756.hdr.sgml : 20070301
<ACCEPTANCE-DATETIME>20070301205747
ACCESSION NUMBER:		0001209191-07-014756
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070227
FILED AS OF DATE:		20070301
DATE AS OF CHANGE:		20070301

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PERU RAMIRO G
		CENTRAL INDEX KEY:			0001192045

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00082
		FILM NUMBER:		07665421

	MAIL ADDRESS:	
		STREET 1:		511 ARROYO SQ
		CITY:			SOUTH PASADENA
		STATE:			CA
		ZIP:			91030

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHELPS DODGE CORP
		CENTRAL INDEX KEY:			0000078066
		STANDARD INDUSTRIAL CLASSIFICATION:	PRIMARY SMELTING & REFINING OF NONFERROUS METALS [3330]
		IRS NUMBER:				131808503
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH CENTRAL AVE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-3089
		BUSINESS PHONE:		602-366-8100

	MAIL ADDRESS:	
		STREET 1:		ONE NORTH CENTRAL AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-3089
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
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    <footnotes>
        <footnote id="F1">Exercise of stock options and same-day sale of underlying Common Shares pursuant to the Phelps Dodge 2003 Stock Option and Restricted Stock Plan.</footnote>
        <footnote id="F2">Reflects correction of inadvertent arithmetic error.</footnote>
        <footnote id="F3">The option vests in three substantially equal annual installments on January 31, 2007, 2008 and 2009.</footnote>
        <footnote id="F4">The option vests in three substantially equal annual installments on February 1, 2006, 2007 and 2008.</footnote>
        <footnote id="F5">The option vests in three substantially equal annual installments on February 3, 2005, 2006 and 2007.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ S. David Colton
Attorney-in-Fact for Ramiro G. Peru</signatureName>
        <signatureDate>2007-03-01</signatureDate>
    </ownerSignature>
</ownershipDocument>
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-----END PRIVACY-ENHANCED MESSAGE-----