Climax Mine - Leadville Today
Climax Mine - Leadville Today
Climax Mine - Leadville Today
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Fast Facts<strong>Climax</strong> <strong>Mine</strong>FCX’s interest 100%Reserves*578 million lbs molyProduction20 million lbs in 201330 million lbs/year at full rateswith potential to double**OperationsOpen-pit mine andConcentratorUnit Cash Costs(per lb molybdenum)~$6(projected)Project CapitalImplied Reserve Life(Reserves/Full Production)Employees$760 millionwith ramp-upin 201219 years400 (full rates);1,000 contractors at peakduring construction* as of 12/31/11 using a long-term molybdenum price of $10; there is substantial upside with higher price assumptions** <strong>Climax</strong> is currently ramping up in 2012; depending on market conditions, <strong>Climax</strong> may increase to 30 million lbs/year6
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