Molycorp increases rare earths reserves

Apr 09, 2012 | 11:18 AM | Thorsten Schier

Tags  Molycorp, SRK Consulting, Mountain Pass, Mark Smith, rare earths

NEW YORK — Molycorp Inc. has announced a 36-percent increase in proven and probable reserves at its Mountain Pass rare earths mine in California.

Reserves are now put at 18.4 million tons of ore estimated to yield 2.94 billion pounds (1.3 million tonnes) of rare earth oxides, compared with a 2010 estimate of....

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