Freeport slates $500M to revive moly operation
Dec 05, 2007 | 02:37 PM
| Meghann McDonell
Freeport-McMoRan Copper & Gold Inc. plans to restart its Climax open-pit molybdenum mine near Leadville, Colo. The New Orleans-based company expects to spend $500 million to bring the mine, which has been idle since 1995, back online.
The open-pit mine is slated to produce 30 million pounds of molybdenum a year starting in 2010, but annual output could reach 60 million pounds should the company pursue a second phase of the Climax project.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here