According to the annual report for the business activities in the calendar year of 2009 released by Codelco of Chile, the quantities of molybdenum in concentrates produced by divisions of Codelco in 2009 were as per the table attached hereto.

Namely, Codelco produced 21,556 tonnes on content base of molybdenum as by product in 2009, which had an increase of 5% YoY as compared to that of 20,525 tonnes in 2008 and corresponded to 47.52 million pounds on Mo content base.

Codelco produced 80.6 million pounds of Mo in molybdenum concentrates in 2005 as the largest output in its history but, after that, continued to decrease molybdenum production on a basic tone. However, the output of molybdenum by Codelco in 2009 had a certain increase.

This increase of molybdenum production at Codelco in 2009 was contributed by a substantial expansion of the output at El Teniente Mine. Also, Codelco Norte Mine increased their molybdenum production in 2009 by 1% from that in 2008. Because of low Mo content in crude ore, Codelco Norte Mine has been on a basic tone to decrease their molybdenum production.

For a reference, the representative of Codelco is scheduled to come to Japan in a late part of July 2010 and his itinerary in Japan is being adjusted by the persons concerned.

(Sourced from TEX Report Limited)