MCP, Molycorp, Inc.
MCP is the only rare earth oxide (REO) producer in the Western Hemisphere and currently produces approximately 3,000 metric tons of commercial rare earth materials per year.
Following the execution of MCP’s “mine-to-magnets” strategy and the expected 2012 completion of Phase 1 of its modernization and expansion efforts at its Mountain Pass, California processing facility, MCP expects to produce at a rate of approximately 19,050 metric tons of REO equivalent per year. The Company expects to achieve an annual production capacity by the end of 2013 of approximately 40,000 metric tons of REO equivalent per year after the completion of Phase 2.
MCP intends to provide to the market a range of rare earth products, including high-purity oxides, metals, alloys, and permanent magnets.
MCP reported financial and operating performance for the fourth quarter and full year 2010.
Revenues in 4Q 2010 rose 154% to $21.7 million compared to 3Q 2010 revenues. Compared to 4Q 2009, revenues rose 885%. Both sequential and annual growth was driven by a combination of increased sales volume and significantly higher pricing.
Net loss in 4Q 2010 was ($7.9 million). However, excluding special items and certain non-cash accounting charges attributable to stock-based compensation and equipment write-offs, Molycorp generated positive earnings of $2.2 million, or $0.03 per share, in 4Q 2010.
The Company sold approximately 638 metric tons of rare earth oxide (REO) products in the fourth quarter 2010, a 20% increase compared to 3Q 2010, and a 37% increase from the approximately 467 metric tons sold in 4Q 2009. The Company realized an average sales price of approximately $34.02 per kilogram, compared to an average sales price of $16.10 per kilogram in 3Q 2010, and an average sales price of $4.72 per kilogram for 4Q 2009. Average sales prices have continued to increase significantly in 1Q 2011.
“Molycorp realized significantly higher sales volumes and revenue in the fourth quarter of 2010,” said Mark Smith, Molycorp President and Chief Executive Officer. “Our ability to produce 3,000 tons per year from our current facility is allowing us to benefit from today’s dramatically higher rare earth prices. We are in a great position to capture this increased revenue now, even as we construct our new, state-of-the-art processing facility and develop our integrated mine-to-magnets manufacturing supply chain.”
“This integrated rare earth supply chain is expected to position Molycorp to operate as one of the world’s lowest-cost producers and to capture new markets created by rising rare earth demand and China’s continuing restriction of rare earth exports,” Smith said.
“Rising demand and reduced Chinese exports have created extraordinarily tight market conditions,” Smith explained. “In 2010, China exported approximately 30,258 metric tons, which compared to demand outside of China in 2010 of about 55,000 tons. This gap in supply and demand is expected to worsen in 2011, as independent forecasts predict that full year 2011 export quotas will total less than 30,000 metric tons, compared to total demand outside of China of about 60,000 metric tons. That points to a high likelihood of shortages of many rare earth products.”
More about MCP at www.molycorp.com
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CLNO, Cleantech Transit, Inc., CLNO.OB
CLNO was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector.
Biomass renewable organic material such as wood and agricultural residues comprises the oldest and most prevalent energy resource. Even today, biomass is the world’s most popular fuel for heating.
With rising fossil fuel prices and growing environmental concerns, biomass energy systems are reclaiming their positions in schools, factories, military bases, and community energy plants.
Biomass recently surpassed hydropower as the nation’s leading source of renewable energy and now accounts for more than half of all renewable energy used in the United States.
Thousands of large and small U.S. power plants use biomass fuels to produce more than 7700 MW of electricity.
CLNO has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, CLNO has selected to invest in Phoenix Energy.
Wood waste is one of the most abundant, cost-competitive, and environmentally friendly biomass resources.
Currently the most cost-effective wood sources are residues from manufacturing and wood waste otherwise destined for landfills.
Manufacturers generate an enormous amount of waste residue in the process of making products such as lumber, furniture, pallets, and paper. In general, less than 50 percent of the tree ends up in a final product, and the balance represents a vast underutilized resource.
CLNO recently reported the commencement of the final permitting prior to be able to go online at Merced. The Merced project is a 500 Kilowatt biomass-generated power plant that is fully constructed, owned and operated by Phoenix Energy. The Merced project received permission for parallel testing to the grid. This testing process will allow Merced to connect to the grid on its own.
The funding to be provided to Phoenix Energy for the commercialization of this biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government.
If it concludes its planned investment in Phoenix Energy, under Section 1603 of the American Reinvestment and Recovery Act, CLNO will be entitled to receive its pro-rata share of 30% cash grant payments.
More about CLNO at www.cleantechtransitinc.com
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CRWE, Crown Equity Holdings Inc., CRWE.OB
CRWE, together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. CRWE offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
CRWE recently reported that it has extended its CRWENEWSWIRE global platform web presence and is now publishing online news and information to the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Ireland, Italy, Japan, Malaysia, Mexico, New Zealand, Russia, Singapore, South Africa, South Korea, Spain, Taiwan, United Arab Emirates and the United Kingdom, using their specific country code domain and native language.
CRWE has also established over 1,100 city specific sites within the US, allowing CRWE to publish its news and information nationwide or geographically.
Content published on the Net is automatically offered to an international audience of users. This makes the World Wide Web an incredibly cost-effective medium to publish information. Getting to greater than 190 countries.
One Internet advertising benefit is that, since the internet spans the globe, pockets of your target market scattered around the world can all be targetted at once, rather than trying to find different publications, radio stations and television stations that cater to a particular geographical area.
Furthermore, CRWE’s wholly owned subsidiary, Crown Tele Services Inc., has completed installing servers for its business, which is currently in the process of preparing to provide and offer its “VoIP” communication services to small, large and enterprise businesses.
VoIP industry is fast augmenting and hence it could assures a definite hike in the revenue generation to any organisation that steps into this field.
According to ABI Research, the latest global business VoIP services forecasts show that the value of the overall market, which includes VoIP integrated access, SIP trunking, hosted IP-PBX/IP Centrex and managed IP-PBX services, is set to double over the next five years, to exceed $20 billion by 2015.
Hosted IP-PBX gives businesses of all sizes the most productive phone system calling features traditionally available to only the largest enterprises. No in-house systems or software to buy, manage and maintain is require for the phone system to work.
More about CRWE at www.crownequityholdings.com
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Alpha Natural Resources, Inc. (NYSE:ANR) announced its plans to establish two international sales and development offices: one in Sydney, Australia and one in New Delhi, India. The global market conditions for both metallurgical and thermal coal appear likely to continue to improve in 2011, driven by increasing demand primarily in Asia. Given this anticipated increased global demand and constrained seaborne supply, U.S. coal producers should benefit as U.S. production capacity exceeds consumption of metallurgical coal by the domestic steel industry and thermal coal by domestic electric utilities, allowing for additional export opportunities.”With the seaborne markets for both metallurgical and thermal coal in a growth mode, these two offices will help Alpha meet anticipated increased global demand in the long term,” said Kevin S. Crutchfield, CEO.
Alpha Natural Resources, Inc. operates as a coal producer primarily in the central Appalachian and northern Appalachian regions. The company engages in underground room and pillar mining, and surface mining operations, with a focus on high bituminous, low sulfur steam coal and metallurgical coal reserves.
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Airgas Inc. (NYSE:ARG) announced that it has signed a three-year supply agreement with TDIndustries, the south’s leading mechanical construction and facilities operations services provider. Airgas will provide the Dallas, TX-based company with industrial gases, and welding and safety products, as well as leased safety equipment from Oilind Safety and leased welding equipment, welder certification trailers, generators, and compressors from Red-D-Arc Welderentals. Oilind Safety and Red-D-Arc are Airgas companies.
Airgas, Inc., through its subsidiaries, distributes industrial, medical, and specialty gases, as well as hardgoods in the United States. The company offers various gases, including nitrogen, oxygen, argon, helium, and hydrogen; welding and fuel gases, such as acetylene, propylene, and propane; and carbon dioxide, nitrous oxide, ultra high purity grades, special application blends, and process chemicals.
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Trex Co. Inc. (NYSE:TREX) announced financial results for the fourth quarter ended December 31, 2010. Net sales for the fourth quarter of 2010 totaled $75.3 million compared to net sales of $51.2 million for the 2009 fourth quarter. The Company reported a net loss of $0.5 million, or $0.03 per diluted share, for the 2010 period compared to a net loss of $0.3 million, or $0.02 per diluted share, for the 2009 period. During the 2010 period, the Company recognized $4.1 million of unusual charges, which included a $5.2 million increase to the Company’s warranty reserve for decking material manufactured at its Nevada plant prior to mid-2006 offset by a $1.1 million reduction to supply contract-related charges taken in prior 2010 quarters. Before giving effect to these adjustments, net income was $3.6 million, or $0.23 per diluted share for the 2010 fourth quarter. The Company’s fourth-quarter-2009 results included a benefit for income taxes of $5.1 million primarily related to a carry-back tax adjustment offered through the 2009 economic stimulus plan.
Trex Company, Inc. manufactures and distributes wood/plastic composite products primarily for residential and commercial decking and railing applications in the United States. It offers wood-alternative decking, railing, fencing, and trim products under the Trex brand name.
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