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market news

Leadville Mine Nears Reopening

Investing News Network
Jul. 26, 2011 03:55PM PST
Industrial Metals Investing

The Pueblo Chieftain reported that Freeport McMoRan’s (PINK:FCXGO) Climax moly mine is close to reopening.

The Pueblo Chieftain reported that Freeport McMoRan’s (PINK:FCXGO) Climax moly mine is close to reopening.

The market news is quoted as saying:

The Climax mine’s owner, Arizona-based Freeport McMoRan, which is the world’s largest molybdenum producer, announced that construction at the mine is expected to be complete by early next year and production will crank up again during 2012.

To read the full market news, click here.

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