Climax Molybdenum Mine Begins Production Again

Denver Post reported that Freeport McMoRan’s (NYSE:FCX) Climax moly mine has reopened and is producing molybdenum concentrate.

As quoted in the market news:

Mine officials said production is expected to reach 20 million pounds a year by 2013 and could increase to 30 million pounds a year.

Click here to read the full Denver Post report.