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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