| Thompson Creek Metals Co., Inc. | (NY: TC) |
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May 22, 2013
Thompson Creek Metals is a pureplay molybdenum producer. It owns the Thompson Creek open-pit molybdenum mine and mill in Idaho, 75% of the Endako open-pit mine, mill and roasting facility in northern British Columbia and a metallurgical roasting facility in Langeloth, Pennsylvania. The Company is also developing a high grade molybdenum project known as Davidson. The Langeloth complex, located 40 kilometers west of Pittsburgh has a roasting capacity of over 35 million pounds a year. The Endako Mine which is comprised of three open pits, a mill and a roasting facility is operated by Thompson Creek (75% interest) and Sojitz Corporation (25% interest). It processed approximately 28,000 tons of ore per day in 2008.
Though the company is based and headquartered in Canada (Parent company Thompson Creek Metals Company Inc. is headquartered in Toronto (run through Canadian subsidiary Blue Pearl Mining and based in British Colombia, all divisions and subsidiaries are based in the United States and manage operations at all projects in Canada and the USA except for the Davidson Project.[1] The main division through which all subsidiaries are run is Thompson Creek Metals Company USA which has a 100% interest in the Langeloth Metallurgical Copmany LLC (Pennsylvania facility run from Colorado), Thompson Creek Mining Co. (oversees the operators of the Thompson Creek Mine (Cyprus Thompson Creek Mining Company of Nevada) and Endako Mine (75% interest through Thompson Creek Mining Ltd. of Yukon), Mt Emmons Moly Company (oversees the Mount Emmons project) and 50% of Highlands Ranch, LLC (land holdings in Colorado).[1]
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