Colorado Moly Mills and Mines Cut Costs to Better Compete in Soft Market

SUGAR LAND--March 19, 2013--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 Freeport-McMoRan Copper & Gold Incorporated (NYSE:FCX) (Phoenix, Arizona) is looking at the continued soft global price environment for the metal. Nonetheless, the world's largest molybdenum producer has plans to continue expanding production while lowering production costs, in the hopes that prices will firm and profits will grow.