Molycorp Donates $50,000 to Japanese Earthquake and Tsunami Victims

As a disaster struck Japan, Molycorp, Inc. stepped up to offer aid to the victims. On March 14, 2011, the company made a $50,000 donation to the American Red Cross, joining forces with the Japanese Red Cross to provide vital assistance to those affected by the earthquake and tsunami. This donation marked a significant gesture of support from the Molycorp community, which aims to make a difference in the lives of those impacted by the disaster.

Key Takeaways:

• Molycorp, Inc. donated $50,000 to the American Red Cross to support the victims of the Japanese earthquake and tsunami.
• The donation will be used to provide first aid, emotional support, and relief items to those displaced in Japan.
• American Red Cross officials are coordinating with the Japanese Red Cross to ensure the aid reaches those in need.
• Molycorp's President and Chief Executive Officer, Mark Smith, emphasized the importance of offering immediate assistance to the people of Japan.
• Donors can make online contributions to the American Red Cross to support the relief efforts by visiting a specific website.
• Additionally, donors can text REDCROSS to 90999 to make a $10 donation to aid those affected by the disaster.

Statistics:

• Molycorp donated $50,000 to the American Red Cross.
• The company aims to produce 19,050 metric tons of REO equivalent per year after completing Phase 1 of its modernization and expansion efforts.
• By the end of 2013, Molycorp expects to achieve an annual production capacity of approximately 40,000 metric tons of REO equivalent per year.

Sources:

• Business Wire, "Molycorp Donates Aid to Japanese Quake and Tsunami Victims" (March 14, 2011)
• Molycorp, Inc. statement, provided through Business Wire