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Molybdenum Mark Update
23/01/2023
IMOA is delighted to report that the following molybdenum by-product sites have received the Molybdenum Mark extension:
Kennecott Bingham Canyon Mine
Sociedad Minera Cerro Verde S.A.A.
Freeport-McMoRan Morenci Inc.
BHP's Minera Spence Limitada
Minera Centinela
Freeport-McMoRan Bagdad Inc.
Freeport-McMoRan Sierrita Inc.
Teck Resources Limited
Angloamerican sur S.A. los Bronces
Minera Los Pelambres
Grupo México's Unidad La Caridad
These sites have already been assessed against the Copper Mark assurance framework for their copper operations and have now had this assurance extended to their molybdenum by-product operations situated on the same site.
The following independent molybdenum sites, not already part of a copper operation, have been confirmed to participate in the Molybdenum Mark pilot:
Freeport-McMoRan Inc., Henderson, USA
Freeport-McMoRan Inc., Climax, USA
Molymet Belgium NV, Belgium
Molymet, Complejo Industrial Molynor S.A., Chile
IMOA is pleased to be collaborating with Copper Mark on the Molybdenum Mark. It offers our molybdenum-producing members the opportunity to access a credible assurance framework with an already globally established set of criteria that can be readily adapted to the molybdenum supply chain, providing a mechanism to meet market expectations and regulatory requirements, and increasing the percentage of responsibly produced molybdenum available to society.
Joint Due Diligence Standard (JDDS) updated
The JDDS has now been updated to include molybdenum. The Joint Due Diligence Standard for Copper, Lead, Molybdenum, Nickel and Zinc is designed to enable effective due diligence for producers and/or traders of these metals. It intends to build on existing standards and looks to provide flexibility for multi-metal producers to include materials intended for the production of metal products other than of principal covered metals at their site(s).
Further information is available here.
General information for media
IMOA is a non profit trade association, representing the majority of the molybdenum industry worldwide. It works to raise awareness about the unique properties of molybdenum, its beneficial effects on materials performance, its safety in use and its contribution to sustainable development.
Molybdenum is added to alloy steels to improve strength, toughness, hardenability and weldability for numerous applications in the automotive, shipbuilding, construction, mining, chemical, oil & gas and energy generation industries. In stainless steels and superalloys, it improves corrosion resistance and high-temperature performance and finds uses in many industrial applications. It is also used in a variety of products from catalysts and lubricants to pigments and paint.
IMOA has a strict antitrust compliance policy which delegates of all meetings are required to observe. All such meetings are observed by legal counsel.
For more information please email the communications team at media@imoa.info.
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