Molycorp Receives Prestigious BLM Sustainable Development Award

September 20, 2005, Washington, D.C. – Officials from Molycorp were in Washington D.C. last week to receive the coveted Community Outreach and Economic Security Award. This award, presented annually by the Bureau of Land Management, honors those mining operations that have made exemplary contributions to the lands and the communities were the mine operates.

Our commitment to sustainable development is clearly evident in our collaboration with the community,” said Bill Sharrer, Vice President of Environmental and Public Policy. “We believe that our best practices have successfully integrated the needs of a rural community with the operation of a private company in order to ensure long-term economic stability.”

BLM Director Kathleen Clark presented Molycorp with the award at the National Mining Association’s Annual Conference. “This award is a tremendous accomplishment for the employees of Molycorp,” said Ray Cherniske, Manager, Administrative Services. “We are all committed to ensuring that this mine remains a positive part of the Northern Taos region for the benefit of the community for the long-term.”