Reopening Climax mine scrutinized

Written by Denver Post

Wednesday, 28 February 2007

"Climax is the best unmanned molybdenum-ore body on Earth right now," he said. The ore at the mine is high- grade, and production costs would be low, Arnold said. There are about 500 million tons of ore that can be recovered at the historic mine, and the company has said it would cost $250 million to reopen it. ... "If they want to put the money into Climax, we will start up right away," he said. "If not, we could wait awhile. It is a matter of priorities when they want to do it. If moly prices stay up, I think we would start design work and start up in late 2009." More: http://www.denverpost.com/business/ci_5310932

 

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