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Freeport-Mcmoran Copper & Gold Inc. Released Production Results for its Newly Commissioned Climax Mine.
Freeport-Mcmoran Copper & Gold Inc. Began Commercial Production in the Second Quarter 2012.
Freeport-Mcmoran Copper & Gold Inc. Commenced Operations at its Newly Constructed Climax Molybdenum Mine.
Form 10- K-Annual Report
the Construction Activities Associated With the Development of a Large Sulfide Deposit at EL Abra Were Resumed. it Will Extend the Mine Life by Over TEN Years. Production From the Sulfide Ore,Which Will be Ramping up to Approximately 300 Million Pounds of Copper PER Year is Expected to Begin in 2012and Will Replace the Current Oxide Copper Production That is Expected to Decline Over the Next Several Years. the Project Will Use a Portion of the Existing Facilities to Process the Additional Sulfide Ore. Total Capital for the Project is Estimated to Approximate$700 Million Through 2015, of Which Approximately$500 Million is for the Initial Phase of the Project That is Expected to be Completed in 2012.
2007 Annual Report
During 2007, Codelco Norte Renewed a Significant Part of the Chuquicamata Mine’S Fleet of Mining Trucks.13 Trucks Were Bought,Each With a360TON Capacity. in the First Trimester of 2007, the Radomiro Tomic Work Center Acquired Important Mining Equipment,Primarily the Fleet of Shovels and Drills,Which Made it Possible to Finish the Movement of Mineral Considered in the Mining Plan. Significant Progress was Also Made on the Outlining and Exploration of Sulfides in Radomiro Tomic. During 2007, Progress was Made on the Development of the Underground Chuquicamata Mine Conceptual Engineering Project,Which Should be Finished by March 2009. in Parallel,Progress was Made on the Development of Outlining for the Underground Mine Basic Engineering Project,Whose Projected END Date is April 2009. the Main Milestones Reached to Date Are: the Project is38 % Complete(Equivalent to2,365Meters of a Total of6,222Meters)in the Development of the Ramp for Phase III Exploration; and in September 2007, the38 ,000Meter Geological Drilling Campaign Came to an End.
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