LEADVILLE, Colo.—Merchants and community leaders of the once booming mining town of Leadville are nonchalant about the prospects of the Climax molybdenum (muh-LIB’-de-nem) mine’s possible reopening.
The Denver Posts reports hundreds of construction workers have filled up motels and restaurants as they work to re-equip the mine.
Climax’s owner, Phoenix-based Freeport-McMoRan Copper & Gold is preparing to resume production at the mine which has sat largely idle since the 1980s. The company is psending $700 million to outfit the mine with new equipment.
Peoples National Bank community bank president Keith Moffett says the city and its leaders envision a sustainable economy based on tourism and recreation.
Molybdenum is used in the production of steel
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Information from: The Denver Post,
