Colorado Moly Mills and Mines Cut Costs to Better Compete in Soft Market, an Industrial Info News Alert

März 19 10:15 2013

SUGAR LAND, TX — (Marketwire) — 03/19/13 — Written by John Egan for Industrial Info Resources (Sugar Land, Texas) — As the Climax Molybdenum Mine in Colorado nears the one-year anniversary of its restarted operations, owner (NYSE:FCX) (Phoenix, Arizona) is looking at the continued soft global price environment for the metal. Nonetheless, the world-s largest producer has plans to continue expanding production while lowering production costs, in the hopes that prices will firm and profits will grow.

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