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LEADVILLE, Colo.—Construction continues at the Climax mine in Leadville, but it’s unclear when prices for molybdenum (muh-LIB’-de-nem) will make it feasible to reopen the mine.
Mine owner Freeport-McMoRan says it has completed construction of concrete foundations to install equipment. A spokesman for the Phoenix-based company says all the old equipment at the Climax mine has been decommissioned and all new equipment is being installed.
Currently, 60 regular employees and 450 contract employees are working at the site. The company says the mine will employ 385 people when it’s in full production.
Molybdenum is used in the production of steel.
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Information from: Summit Daily News,
