Climax Mine - Leadville Today

Recommendations

Info

Who is Freeport-McMoRan Copper & Gold?Freeport-McMoRan Copper & Gold is the parent company of Climax Molybdenum. Freeport-McMoRan Copper & Gold (NYSE: FCX) is a leading international mining company withheadquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assetswith significant proven and probable reserves of copper, gold and molybdenum. FCX has adynamic portfolio of operating, expansion and growth projects in the copper industry and is theworld's largest producer of molybdenum. FCX produces molybdenum at its Climax and Hendersonmolybdenum mines in Colorado as well as a by-product at several of its copper mines in Northand South America.The company’s portfolio of assets includes the Grasberg minerals district in Indonesia, the world’slargest copper and gold mine in terms of recoverable reserves; significant mining operations inthe Americas, including the large-scale Morenci minerals district in North America and the CerroVerde and El Abra operations in South America; and the Tenke Fungurume minerals district in theDemocratic Republic of Congo.Additional information about FCX is available on FCX's website at www.fcx.com.Morenci, ArizonaSierrita, ArizonaBagdad, ArizonaSafford, ArizonaMiami, ArizonaHenderson, ColoradoClimax, ColoradoTyrone, New MexicoChino, New MexicoCopper (CU)Gold (Au)Molybdenum (Mo)Cobalt (Co)Cerro Verde, PeruTenke Fungurume,Democratic Republic of CongoGrasberg, IndonesiaEl Abra, ChileCandelaria, ChileOjos del Salado, ChileMorenci, ArizonaCerro Verde, PeruGrasberg, Indonesia20
Jan-02Apr-02Aug-02Nov-02Mar-03Jun-03Sep-03Jan-04Apr-04Aug-04Nov-04Mar-05Jun-05Oct-05Jan-06May-06Aug-06Nov-06Mar-07Jun-07Oct-07Jan-08May-08Aug-08Dec-08Mar-09Jun-09Oct-09Jan-10May-10Aug-10Dec-10Mar-11Jul-11Oct-11Jan-12May-12Molybdenum Fast Facts• What is Molybdenum? Molybdenum obtained its name from theGreek word “molybdos” or “lead-like” because of its greyappearance. Molybdenum does not occur in the metallic form innature. The mineral of commercial significance is molybdenite(MoS 2 ), a natural molybdenum sulphide.• Where is it found? Molybdenum is found all over the world andgenerally mined from two different types of mines:Primary – where the recovery of molybdenite is the sole objective; about 40% of totalmolybdenum production is from primary mines.By-product (at copper mines) – which remove the molybdenite duringcopper recovery (where copper recovery is prime target); about 60% of the world’smolybdenum production is as a by-product.The mined ore is milled to fine particles and is processed through a flotation step toproduce a concentrate containing the molybdenite mineral.• Products• Metallurgical Products. Most of the molybdenum concentrate is roasted to convertthe sulfide to oxide (Tech Oxide). Tech Oxide can be added directly into a steel furnaceto produce alloy steel or it can be used to produce ferromolybdenum (also known asFeMo) and used as a additive to cast irons and steel. Molybdenum additions give alloysteel and iron a combination of strength, toughness and wear resistance not possiblewith unalloyed steels. Approximately 80% of molybdenum production is used in thisapplication.• Chemical Products. The concentrate can also be processed into a variety of chemicalproducts. Molybdenum chemicals are used in a number of diverse applications, such ascatalysts for petroleum refining, production of pure molybdenum metals, and additivesfor water treatment. Molybdenum disulfide is used principally in lubricant and greaseapplications. Pure molybdenum metal powder products are used in a number ofdiverse applications, such as lighting, electronics and specialty steel alloys.• Market. In 2011, the world market approximated537 million pounds of molybdenum.• Prices. Molybdenum demand follows the globalsteel and stainless steel industries. In 2010 &2011, the economy and steel productiongradually improved and moly prices averaged~$15 per pound. Recently, demand hasmoderated with concerns surrounding theEuropean sovereign debt crisis and slower growthin China and the US.$50$45$40$35$30$25$20$15$10$5$0MolybdenumMetals Week Dealer Oxide price ($/lb)2002 2004 2006 2008 2010 201221
Page 1 and 2: Climax MineTOUR COMPANIONGrand Reop
Page 3 and 4: LocationCopperMountainConferenceCen
Page 5 and 6: 1967 First ore reserve estimation o
Page 7 and 8: Operations OverviewAt the Climax Mi
Page 9 and 10: 6000 E6000 E8000 E8000 E10000 E1000
Page 11 and 12: Climax Mine Site MapOpen pitConcent
Page 13 and 14: Key Mine Statistics• Open pit is
Page 15 and 16: Ore from the Coarse Ore StockpileSA
Page 17 and 18: Environmental• Climax Mine has ob
Page 19: Community DevelopmentFreeport‐McM
Page 23 and 24: Currently, we produce molybdenum co

Climax Mine - Leadville Today

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?