Climax ramp-up to offset lower moly output

Sep 28, 2012 | 04:12 PM | Thorsten Schier

Tags  Climax Molybdenum, molybdenum, mine ramp-up, Barbara Buck, Thorsten Schier

NEW YORK — Freeport-McMoRan Copper & Gold Inc. expects molybdenum output this year to mirror 2011 levels dues to the ramp-up of the Climax molybdenum mine in Colorado, a top executive from subsidiary Climax Molybdenum Co. said.

"This year we’re expected to produce at a similar level (to 2011), and you’d say with Climax coming on, ‘Why aren’t you producing more?’ The answer to that is that the by-product (from the copper) mines are actually a little bit lower in their....

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