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PrintRio Tinto's Kennecott Utah Copper Corp. will invest $340 million to build a molybdenum autoclave process (MAP) facility in Magna, Utah, that could double its molybdenum output to 60 million pounds a year by 2015.
The MAP facility will allow Rio Tinto-owned Kennecott to process lower-grade molybdenum concentrate more efficiently than through a conventional roaster, leading to improved recovery rates, Kennecott project manager Doug Stauffer said.
The new facility "will improve recovery from an existing resource so the real benefit is that this project doesn't include any additional mining and there will be no additional upstream processing," Stauffer said. "Also, we will be able to produce a chemical-grade (molybdenum) product, which is a market that we aren't currently involved in."
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