Molycorp: Significant reserves increase
16.04.2012/XNUMX/XNUMX Greenwood Village - American rare earth producer Molycorp recently published its latest estimates of the company's reserves. And these can definitely be seen.
After all, the rare earth reserves in the Mountain Pass mine increased by a remarkable 36 percent. As the company announced, the Company currently has proven and probable reserves of 18,4 million tonnes grading 7,98 percent. Previously, the Group had spent millions of tonnes of rare earth oxide equivalents from 1,02, and these are now moving at 1,3 million tonnes of rare earth oxide equivalents.
Bright future
But these are the only good news from the company. Because the company wants to take over the rare earth processor NeoMaterials for about 1,3 billion dollars. Some experts therefore expect a veritable quantum leap in the turnover of the Americans. After all, the Group can expand the value chain in this way, so that the company could count on increased revenues. Should the company now also take over the divestment of Rare Elements itself, the company's results are likely to be significantly higher.
If the global economy runs well again, the plan of the group could be quite acceptable. Not only Western countries are important to the company, even China could become an important market over the years, according to some experts. Therefore, the company could come up with decent business results again after the achieved turnaround in the fourth quarter 2011.
(Emfis.com)
