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    market news

    Freeport CEO: “Crossed The Rubicon” On Restart Of Climax Mine

    Investing News Network
    Oct. 19, 2011 01:34PM PST
    Industrial Metals

    Fox Business reported that market concerns won’t affect the timing of Freeport McMoRan Copper & Gold Inc.’s (NYSE:FCX) Climax moly mine restart.

    Fox Business reported that market concerns won’t affect the timing of Freeport McMoRan Copper & Gold Inc.’s (NYSE:FCX) Climax moly mine restart.

    As quoted in the market news:

    Freeport has already spent the capital and hired staff for the project, Adkerson said on the company’s third-quarter earnings call. “In terms of completing the project, we’ve crossed the Rubicon,” Adkerson said.

    Click here to read the full Fox Business report.

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