FSC / Press Release
Molycorp's (NYSE:MCP) ($MCP) Tantalum Smelter Facility Gains Certification Under
"Conflict Free Smelter" Program
Greenwood Village, CO, January 31, 2014 /FSC/ - Molycorp, Inc (NYSE: MCP),
announced today that its tantalum smelter facility in Sillamae, Estonia, has
been certified by the Electronic Industry Citizenship Coalition (EICC) and the
Global e-Sustainability Initiative (GeSI) as compliant with the Conflict Free
Smelter (CFS) program assessment protocol.
Certification in the CFS program requires an extensive third party audit of a
smelter's Tantalum supply chain by auditors appointed by the EICC and GeSI.
Certification in the CFS program demonstrates Molycorp's commitment to provide
conflict-free Tantalum to its customers.
Tantalum is one of five rare metals produced by Molycorp, which include niobium,
gallium, rhenium and indium. Tantalum is used widely in electronic capacitors in
mobile phones, DVD players, video game systems, and computers, as well as in
high-power resistors and super-alloys in jet engine components, chemical process
equipment, nuclear reactors, and missile parts. It also is widely used in
surgical instruments and orthopedic implants.
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For more information:
Jim Sims, +1 (303) 843-8062
Vice President, Corporate Communications
Brian Blackman, +1 (303) 843-8067
Vice President, Investor Relations
About Molycorp, Inc.
Molycorp is the only advanced material manufacturer in the world that both
controls a world-class rare earth resource and can produce high-purity, custom
engineered rare earth products to meet increasingly demanding customer
specifications. A globally integrated manufacturer, the Company produces a wide
variety of specialized products from 13 different rare earths (lights and
heavies), five rare metals (gallium, indium, rhenium, tantalum and niobium), and
the transition metals yttrium and zirconium. With 27 locations across 11
countries, Molycorp produces rare earth magnetic materials through its Molycorp
Magnequench subsidiary, including neodymium-iron-boron (NdFeB) magnet powders,
used to manufacture bonded NdFeB permanent rare earth magnets. Through its joint
venture with Daido Steel and the Mitsubishi Corporation, Molycorp manufactures
next-generation, sintered NdFeB permanent rare earth magnets. The Company also
markets and sells a line of rare earth-based water treatment products through
its Molycorp Advanced Water Technologies subsidiary. For more information please
Copyright (c) 2014 Molycorp, Inc., All rights reserved.
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-0- Jan/31/2014 12:16 GMT
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