Ceramic Industry

Molycorp Secures Final Permits for Rare Earth Manufacturing Facility

December 20, 2010

Molycorp Inc. has secured the last of several environmental permits necessary to begin construction of its new state-of-the-art rare earth manufacturing facility at Mountain Pass, Calif. The company announced it recently secured a Streambed Alteration Agreement from the California Department of Fish and Game. Together with three previously approved permits, Molycorp now has secured all permits necessary to allow construction to start on its modernization and expansion project. The project is expected to support an average of 700 jobs per day over the 18-month construction period, with an additional 200-300 permanent jobs when the new facility runs at full capacity (scheduled to occur by the end of 2012).

“Securing these permits means that construction of our new rare earth manufacturing facility at Mountain Pass, Calif., will proceed on schedule, with project groundbreaking occurring on January 2, 2011,” said Mark Smith, CEO. “Additionally, we have begun pre-stripping operations of the mine, which is preparing the way for active mining of fresh ore to commence in 2011.”

For more information, visit www.molycorp.com.