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Besides copper, the Bingham Canyon Mine is about to become a major supplier of molybdenum and rhenium. Rio Tinto, parent company of mine operator Kennecott Utah Copper, announced Wednesday that it will invest $270 million into a molybdenum autoclave process (MAP) facility.

ScienceDaily (Sep. 9, 2008) - Deposits of undiscovered copper, molybdenum, gold and silver may be present in the Andes Mountains of South America, according to a new scientific assessment

"China's Ministry of Commerce did not release any export quotas for rare earth, tungsten, and molybdenum in a notice specifying the first group of export quotas for nonferrous metals issued December 29, 2014."

BHP Billiton Limited, Australia's mining giant, recorded a 14.7% increase in profit for the 2008 fiscal year. The company's record US$15.39bn profit was slightly higher than expected, with most analysts predicting US$15.372bn. BHP said, "emerging economies continue to drive demand for commodities, [and] a slowdown in developed countries will have minimal impact." BHP achieved record annual production across seven commodities including copper. Underlying EBIT for the company's base metals unit increased by 16.2% y-o-y to US$7,989m. "Higher average prices for copper, lead, silver, molybdenum and gold increased underlying EBIT, partially offset by lower average zinc prices," said the company, adding that, "in the short term, we expect prices to remain high relative to historic levels, albeit with higher volatility." The final dividend for the year ended 30 June 2008 was US41c per share, bringing total dividend for the year, together with the US29c per share interim dividend in March, up to US70c per share, a 49% increase on FY2007.