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Economic Impact

Climax Molybdenum, a Freeport-McMoRan Company, contributes in many ways to the sustainability of the various communities, counties and states in which we operate. In 2016, Freeport-McMoRan generated an estimated $371.8 million in economic benefits for Colorado.

Our Colorado operations include the company’s underground Henderson mine near Empire, the Henderson concentrator near Kremmling, and the Climax mine near Leadville. These and other nearby communities rely heavily on the economic benefits directly and indirectly provided by our various operations in the form of wages and taxes we pay as well as the goods and services we purchase.

This direct spending ripples through the economy, generating additional economic benefits and contributing to more jobs and greater tax revenues.

The chart below helps explain how Freeport-McMoRan provides such a boost to the state.

Climax Molybdenum had more than 680 employees at the end of 2016 in Colorado. The total direct and indirect impact of Freeport-McMoRan operations on the Colorado economy was nearly 3,620 jobs in 2016.

All economic impact numbers were produced by the L. William Seidman Research Institute, Arizona State University.

 

For comprehensive information on our North America and global community investment programs, please visit FreeportInMyCommunity.com

Please see Sustainability News for more on our programs.

 

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