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Freeport-McMoRan's Climax Mine Now Producing Molybdenum Again -Denver Post

By Steve Raabe Of THE DENVER POST DENVER (Denver Post)--Freeport-McMoRan Copper & Gold Inc.'s Climax mine near Leadville, Colo., on Thursday produced its first batch of molybdenum concentrate in 17 years, the Denver Post reported. The historic mine had closed in 1987 after molybdenum prices crashed, leaving Leadville and Lake County in an economic depression with the loss of 3,200 jobs. Climax later reopened with a reduced work force until closing again in 1995. Freeport-McMoRan in 2007 announced plans to reopen Climax but put the plans on hold when moly prices again dropped sharply in 2008. In its new incarnation, the mine atop Fremont Pass employs 300 workers. Molybdenum is used as a hardening agent in steel, as a lubricant and in other industrial products. Freeport-McMoRan spent $700 million on a new mill and other equipment in preparation for reopening. Mine officials said production is expected to reach 20 million pounds a year by 2013 and could increase to 30 million pounds a year. http://www.denverpost.com

Stock News for Freeport Mcmoran (FCX)
DateTimeHeadline
02/10/201623:21:00IMPORTANT SHAREHOLDER NOTICE: Khang & Khang LLP Announces an...
02/10/201615:44:00STOCK ALERT: Rosen Law Firm Reminds Freeport-McMoRan Inc. Investors...
02/10/201610:48:42Amended Statement of Ownership (sc 13g/a)
02/09/201608:00:00SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With...
02/08/201620:00:00Brower Piven Encourages Investors Who Have Losses in Excess of...
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:32Statement of Changes in Beneficial Ownership (4)
02/04/201618:01:02Statement of Changes in Beneficial Ownership (4)
02/04/201617:59:09Statement of Changes in Beneficial Ownership (4)
02/04/201617:57:14Initial Statement of Beneficial Ownership (3)
02/04/201617:57:14Statement of Changes in Beneficial Ownership (4)
02/02/201618:30:00Stull, Stull & Brody Announces Class Action Suit on Behalf of...
02/01/201614:53:04SHAREHOLDER ALERT: The Law Offices of Vincent Wong Notify Investors...
02/01/201610:30:00INVESTOR ALERT: Investigation of Freeport-McMoRan Inc. Announced...
02/01/201608:30:00Hagens Berman Advises Freeport-McMoran Inc. (NYSE: FCX) Investors...
01/29/201620:35:00INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action...
01/29/201606:00:00Brazil's Vale Set to Scrap Dividend
01/28/201615:49:00FREEPORT-MCMORAN INC. Shareholder Alert: Former SEC Attorney...
01/28/201610:30:00Glancy Prongay & Murray Commences Investigation on Behalf of...
01/28/201609:11:00Law Offices of Marc S. Henzel Announces Investigation of Companies...

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