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Construction of CODELCO's New Roaster for Molybdenum Completed
= Loan from JBIC is used for purpose of long-term deal with Japanese 8 steel mills =
The molybdenum roaster Corporation Nacional del Cobre de Chile (CODELCO) newly constructed in the city of Mejillones started operation in late September.

Accordingly, the ceremony was held at site on September 20 in commemoration of the completion, which was a lavish ceremony where there were more than a total of 70 participants from Japan such as the Manufacturing Industries Bureau Metal Industries Division, METI and the respective steel mills in addition to Chilean Mining Minister Aurora Williams, the mayor of Mejillones and Nelson Pizarro, CEO of CODELCO.

The loan from Japan Bank for International Corporation (JBIC) is utilized for the newly-constructed furnace based on the premise of the long-term contract for molybdenum trioxide with Japanese 8 steel mills that take part in the Japan Molybdenum Working Group, which is expected to contribute by a large margin to the stable procurement of molybdenum resources form CODELCO as a major producer of molybdenum ore.

The annual production capacity of the molybdenum roaster newly constructed is 16,500 tons in pure Mo equivalent, and other facilities are built in the same property such as a leaching facility, a briquette production facility and a ferro-molybdenum production facility.

For reference, 8 steel mills that take part in this working group are Kobe Steel, Ltd., JFE Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Nippon Steel & Sumikin Stainless Steel Corporation, Daido Steel Co., Ltd., Nisshin Steel Co., Ltd., Nippon Yakin Kogyo Co., Ltd. and Hitachi Metals, Ltd. (in the alphabetical order).
last modified : Thu 29 Sep, 2016 [15:13]
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