Major Mines & Projects

Climax Mine

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Location:

17 km NE from Leadville, Colorado, United States

Address:

Highway 91 – Fremont Pass
Climax
Colorado, United States
80429

...

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Overview
Owners
Geology
Mining
Processing
Production
Reserves
Fleet
Personnel
Filings & News

Overview

Stage	Production
Mine Type	Open Pit
Commodities	Molybdenum
Mining Method	Truck & Shovel / Loader
Processing	Flotation
Mine Life	2038

Owners & OPERATOR

Source:

p. 4, 178

Company	Interest	Ownership
Freeport-McMoRan Inc.	100 %	Indirect
Freeport Minerals Corp. (operator)	100 %	Indirect

Freeport Minerals Corporation (FMC) operates seven open-pit copper mines in North America – Morenci, Bagdad, Safford, Sierrita and Miami in Arizona, and Chino and Tyrone in New Mexico.

Deposit Type

Porphyry

Summary:

The Climax ore body is a porphyry molybdenum deposit with molybdenite as the primary sulfide mineral.

Mining Methods

Truck & Shovel / Loader

Summary:

The available mining fleet consists of eleven 177-metric ton haul trucks loaded by two hydraulic shovels with bucket sizes of 34 cubic meters, which are capable of moving an average of 90,000 metric tons of material per day.

Processing Technologies

Flotation

Source:

Summary:

The Climax open-pit mine includes a 25,000 metric ton-per-day mill facility. Climax has the capacity to produce approximately 30 million pounds of molybdenum per year. Molybdenite (the molybdenum-containing mineral) is obtained from the ore by crushing, grinding, and flotation.

Production:

Commodity	Units	2019	2018	2017	2016	2015	2014
Molybdenum	M lbs	......	......	20	16	23	21

All production numbers are expressed as metal in concentrate.

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Operational Metrics:

Metrics	2019	2018	2017	2016	2015	2014
Daily mining capacity	......	......	......	90,000 t	90,000 t	90,000 t
Daily milling capacity	......	......	......	25,000 t	25,000 t	25,000 t
Annual production capacity	......	......	......	30 M lbs of molybdenum metal in concentrate	30 M lbs of molybdenum metal in concentrate

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Reserves at December 31, 2019:

Category	OreType	Tonnage	Commodity	Grade	Recoverable Metal
Proven	Mill / Sulphide	152 Mt	Molybdenum	0.15 %
Probable	Mill / Sulphide	8 Mt	Molybdenum	0.09 %
Proven & Probable	Mill / Sulphide	160 Mt	Molybdenum	0.15 %	0.47 B lbs

Heavy Mobile Equipment as of December 31, 2019:

HME Type	Size	Quantity
Shovel (hydraulic)	34 cu. m	2
Truck (haul)	177 t	11

Mine Management:

Job Title	Name	Profile	Ref. Date
.......................	.......................		Mar 5, 2020
.......................	.......................		Mar 5, 2020

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Staff:

Employees	Year
	2018
	2017

Corporate Filings & Presentations:

Document	Year
...................................	2019
...................................	2018
...................................	2018
Form 10-K	2017
Other	2017
Form 10-K	2016
Form 10-K	2015
Corporate Presentation	2014
Form 10-K	2014

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Aerial view:

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