Daily News header

Explosion: America's Rare Earth Mine Blasts Back to Life

By  

Blast at Mountain Pass Initiates U.S. Rare Earth Mining Again

As the high resolution photo shows, active mining at the Mountain Pass Rare Earth Facility resumed today for the first time since 2002, bringing back into active production one of the world's largest and richest deposits of rare earth minerals outside of China.

Smith says resumption of active mining operations at Mountain Pass is ahead of schedule, underscoring the fact that they are on track to meet their end-of-2012 deadline for achieving a full-scale production rate of 20,000 metric tons per year of rare earth oxide equivalent.

rare earth mine
"While Molycorp has been producing significant quantities of rare earth materials for the past three years, we are very pleased and proud to resume active mining of fresh rare earth ore at Mountain Pass."
Mark A. Smith, Molycorp Chief Executive Officer

The groundbreaking of construction of Molycorp's new, state-of-the-art rare earth oxide manufacturing facility, at Mountain Pass, is scheduled for January 2, 2011.

Molycorp is integrating a wide range of breakthrough technologies at its new facility that will dramatically shrink the environmental footprint of rare earth mining and processing. A short backgrounder on these new technologies can be seen in a PDF on the company's website.

Colorado-based Molycorp, Inc. is the only rare earth oxide, (REO) producer in the Western Hemisphere. They currently produce approximately 3,000 metric tons of commercial rare earth materials per year.

Following the execution of Molycorp's "mine-to-magnets" strategy and the expected completion of its modernization and expansion efforts at its Mountain Pass, California processing facility by the end of 2012, Molycorp expects to produce at a rate of approximately 20,000 metric tons of REO equivalent per year.

Molycorp plans to offer a range of rare earth products, including high-purity oxides, metals, alloys, and permanent magnets.

rare earth blast
Blast: California Rare Earth Mine Starts With a Bang.

  Please leave a comment here     If it does not display within 10 seconds, please refresh the page

Related Business News

Timing couldn't be better to tackle the question, as the world recovers from a global monetary shakedown, wakes up from a violent hangover and nations look to home grown industries
To prove the value of Epcylon's proprietary Stealth Trading Platform, funds in a restricted account are to be used for trading, to demonstrate the results.
Clarence Walker investigates credit scores, finds the credit score you pay for may not be what your lenders use to make a credit decision on you.
Empire Avenue, a social startup that helps social people and social businesses reach a larger audience and connect with social movers and shakers, is moving to the next level.
Are you looking to break through those corporate barriers on the way to becoming a successful investor? Well look no further as your race to the finish line has begun and will be ending in the near future.
Apple advocates this as a consumer benefit for shoppers. Discount coupons will simply pop up on your smart phone at relevant points as you walk around a store or mall.

 

NewsBlaze Writers Of The Month



Popular Stories This Month

newsletter logo

NewsBlaze
Copyright © 2004-2014 NewsBlaze Pty. Ltd.
Use of this website is subject to our Terms of Service and Privacy Policy  | DMCA Notice               Press Room   |    Visit NewsBlaze Mobile Site