(BUSINESS WIRE)– KBR (NYSE: KBR) has been awarded a contract to upgrade Rio Tinto’s fuel assets as part of the mining company’s investment in power and fuel supply projects to underpin existing and future expansion of iron ore production capacity in the Pilbara region of Western Australia.

KBR’s minerals division will provide engineering, procurement and construction management (EPCM) services to install fuel assets and storage in five locations: port facilities at Cape Lambert and Dampier, mines at Brockman and West Angelas and a maintenance yard located near Dampier. The infrastructure will help provide certainty in meeting Rio Tinto’s fuel requirements.

Once the project is complete, Rio Tinto’s fuel network in the Pilbara region will use the company’s rail network to transport diesel to hubs for storage and further distribution to mines and power generation facilities. This will reduce the requirement for road trains to transport fuel on public roads from Port Hedland, 400 kilometers to the north.

“KBR is glad to have this opportunity to expand our support to an important customer,” said Mark Read, President, KBR Minerals. “We will draw on our global network of people to provide the resources to complete this project, which will be an integral part of Rio Tinto’s 333 expansion program.”

KBR has been involved in projects in the remote Pilbara for more than 30 years. The fuel infrastructure project follows KBR’s completion of a definitive engineering study for Rio Tinto that defined the diesel storage and transfer facilities required to support the company’s expansion in the Pilbara.

KBR will leverage its national network of resources to deliver the project, with project management services supplied from Western Australia and engineering services from the Adelaide engineering operations center. The project will begin immediately and is due to be completed in July 2013.

KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power, industrial, and commercial markets. For more information, visit www.kbr.com.

Contacts

KBR

Sharon Bolen, 713-753-7615

Director, Administration

Mediarelations@kbr.com

Rob Kukla, Jr., 713-753-5082

Director, Investor Relations

investors@kbr.com

Dubai, United Arab Emirates – Sunday, December 11th 2011 [ME NewsWire]

Steel, Metal and Building Material companies based in Jafza generated trade worth AED 12.26 billion in 2010 registering a growth of 14% last year in comparison to AED 10.75 billion in 2009. The figures reflect trade of construction and building materials including iron, steel, cement, plastering materials, stone and other similar goods.

Jafza officials announced these figures at the 7th Strategic Customer Forum held specifically for Free Zone customers in the Steel, Metal and Building Material Sectors.

Ibrahim Aljanahi, Jafza Deputy CEO and Chief Commercial Officer of EZW UAE region stated that he expected to see the sectors in the region grow in the next few years. He said: “The recent wave of GCC-wide infrastructure projects that have been announced by Governments in the region are expected to drive construction industry recovery.”

Mr. Aljanahi was referring to a recent report that states the GCC plans to invest a $3 trillion in an ambitious investment plan by 2020. The UAE, Saudi Arabia and Qatar account for almost 80 per cent of the on-going $452 billion worth of infrastructure projects that are expected to give a much needed boost to the GCC construction industry, according to a recent report by market research specialists Ventures Middle East.

Mr. Aljanahi added: “With its strategic proximity to the port and its unmatched facilities, Jafza is uniquely positioned to cater to the building materials industry and facilitate its growth. The industry was affected by the slump in 2008 but 2009 and 2010 saw an upturn and we are sure this momentum can be maintained. This Strategic Forum is a platform for us to exchange ideas with the industry’s movers and shakers and create genuine dialogue on how we can work together to sustain growth.”

Over the last ten years, Jafza has been playinga catalytic role in attracting and retaining FDI and has seen a 12-fold growth in the number of companies in the steel, metal and building materials sector that grew from 61 in 2000 to 730 in 2010.

Corporate business heads fromleading construction and building materials companies including Conares Metal Supply, Doka Middle East, Essar Steel, Tata Steel, Qatar Steel, Al Nimr Steel and Danube Building Material who conduct their regional operations from Jafza currently, attended the event.

Senior officials from Jafza and partners including Dubai Customs, DP World, Civil Engineering Department (CED), Environment Health and Safety (EHS) Department, Dubai Chamber of Commerce & Industry, Dubai Trade and Dubai Municipality collectively addressed queries and suggestions to improve operations and free zone effectiveness.

The Strategic Customer Forum was the seventh in a series of industry events initiated by Jafza to encourage dialogue with key clients to facilitate growth in respective sectors. The first six forums were held for clients in the Logistics, Chemical/Oil & Gas, Automotive, Machinery & Equipment Manufacturing, Electronics and IT and FMCG and Pharmaceutical products industries.

Contacts

Media contact:

Adeti Changulani,

Hasaad Communications

Mob: +971 50 429 5576

adeti.changulani@hasaad.ae

 Textile solutions are expected to meet genuine social and building design challenges: energy savings, improved comfort in soundproofing, thermal and visual terms, compliance with the new environmental requirements, and sustainable aesthetic added value. Through its innovations, Serge Ferrari® is intent on improving the sustainability of its technical fabrics to meet architectural concerns, following an ongoing environmentally-friendly approach.

 In order to reduce energy use, Serge Ferrari® has created the LowE process, achieved through the calibrated application of a high-performance treatment on to the textile, which will act as a thermal barrier to significantly reduce heat reemission. The LowE process, which further reinforces existing solutions provided by flexible membranes, can be calibrated to conserve a level of textile translucency thereby maintaining the natural light input into the building.

 For indoor architecture, Serge Ferrari® provides textiles whose openwork weaving will make an aesthetic cover for sound insulators to ensure efficient acoustic absorption. Thus the whole makes up a highly effective sound absorber.

 Natural daylight is one of textile architecture’s primary assets. Depending on the application, Serge Ferrari® textiles can appear either as light-reflecting screens, or as translucent membranes optimising the ingress of natural daylight or artificial light.

 Précontraint Serge Ferrari® is exclusive, patented technology that keeps textiles tensioned during the manufacturing cycle both in weft and warp direction. This gives to Serge Ferrari textiles exceptional dimensional stability, controlled homogeneity and increased longevity.

 When it created its Texyloop® recycling unit in 2008, , the Serge Ferrari® Group provided purchasing advisors and construction professionals with a global solution, complete with recyclable manufacturing scraps as well fabrics at the end-of-life which will ultimately have minimal environmental impact, as is demonstrated by the Environmental Life Cycle Analysis (LCA) which is systematically performed on all of its products.

 www.sergeferrari.com

GREENWOOD VILLAGE, Colo. – Saturday, August 13th 2011 [ME NewsWire]

(BUSINESS WIRE)– Molycorp, Inc. (NYSE: MCP), the Western hemisphere’s only producer of rare earth oxides (REO) and the largest REO producer outside of China, announced that it has reached an agreement with Hitachi Metals to supply the company with rare earth magnetic materials, including Didymium (a mix of neodymium and praseodymium) metal and alloy, as well as Lanthanum Oxide.

The three-year deal, which extends and expands upon an existing supply relationship between the companies, significantly increases the amount of rare earth materials that Molycorp will provide Hitachi Metals. The volume begins at a level comparable to the companies’ current agreement and grows substantially when Molycorp reaches its Phase 1 production level in 2012 at its flagship rare earth production facility at Mountain Pass, California.

“We are very pleased to be moving forward with this significant supply agreement to produce high-quality rare earth products for Hitachi Metals,” said Mark A. Smith, President and CEO of Molycorp. “Hitachi Metals has a long standing reputation as a global leader in the development and manufacture of advanced technology products that require rare earth materials, and we look forward to playing a very prominent role in their production supply chain.”

Building upon its “mine to magnets” vertical integration strategy, Molycorp’s newly announced supply relationship with Hitachi Metals demonstrates the progress the company has made in developing its downstream manufacturing capabilities over the past year. The oxide and metal production at the Molycorp Silmet facility in Estonia and the alloy production at the Molycorp Metals and Alloys facility in Tolleson, Arizona, will enable the company to produce the upgraded magnetic materials necessary to meet a significant portion of Hitachi Metals’ global requirements when Molycorp reaches its full, Phase 1 production levels at Mountain Pass.

“The strategic acquisitions we have made this year and the technology innovations we are building into our Mountain Pass facility position us to produce some of the world’s most advanced magnetic materials,” Smith said. “We are proud that our rapidly growing manufacturing supply chain will be able to meet the exacting specifications of a renowned global technology company like Hitachi Metals.”

Separately, Molycorp and Hitachi Metals announced that they are suspending discussions for now on their December 2010 letter of intent to create a joint venture in the U.S. to manufacture neodymium-iron-boron (NdFeB) alloy and permanent magnets made from the alloy. The companies were unable to reach agreement on certain key matters affecting the value of the joint venture to each party.

“We remain fully committed to producing rare earth permanent magnets and to capturing the highest value of our rare earth materials throughout the supply chain,” said Smith. “In fact, we have been in advanced discussions with other companies regarding magnet joint venture opportunities for some time, and we look forward to sharing more details on these developments in the near future.”

About Molycorp

Colorado-based Molycorp, Inc. is the only rare earth oxide (REO) producer in the Western Hemisphere and the largest REO producer outside of China. The company currently is expected to produce a total of between 4,541 to 5,813 metric tons of commercial rare earth materials in 2011 from its three facilities. In addition to its flagship rare earth mine and processing facility at Mountain Pass, California, Molycorp also owns a controlling interest in the Estonia-based Molycorp Silmet AS. One of the largest rare earth and rare metal producers in Europe, Molycorp Silmet AS has an annual production capacity of approximately 3,000 metric tons of rare earth products and 700 metric tons of rare metal products. Molycorp also owns Molycorp Metals and Alloys in Tolleson, Arizona. Formerly known as Santoku America, Inc., the facility is one of the leading producers of high-purity rare earth alloys and metals outside of China, and manufactures neodymium-iron-boron (NdFeB) alloy and samarium cobalt (SmCo) alloy, as well as other specialty alloys and products. Following the execution of Molycorp’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, Molycorp expects to produce at a rate of approximately 19,050 metric tons of REO equivalent per year from Mountain Pass. The Company expects to achieve an annual production capacity at Mountain Pass by the end of 2013 of approximately 40,000 metric tons of REO equivalent after the completion of Phase 2. Molycorp intends to provide to the market a range of rare earth products, including high-purity oxides, metals, alloys, and permanent magnets. The company currently sells products to customers in Europe, North and South America, Asia, Russia, and other previous Soviet Union countries.

Safe Harbor Statement Regarding Forward-Looking Statements

This release contains forward-looking statements that represent Molycorp’s beliefs, projections and predictions about future events or Molycorp’s future performance. Forward-looking statements can be identified by terminology such as “may,” “will,” “would,” “could,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms or other similar expressions or phrases. These forward-looking statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause Molycorp’s actual results, performance or achievements or industry results to differ materially from any future results, performance or achievement described in or implied by such statements.

Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: Molycorp’s ability to secure sufficient capital to implement its business plans; Molycorp’s ability to complete its Phase 1 modernization and expansion efforts and Phase 2 expansion efforts and reach full planned production rates for REOs and other planned downstream products; the final costs of the Phase 1 modernization and expansion plan and Phase 2 expansion, which may differ from estimated costs; uncertainties associated with Molycorp’s reserve estimates and non-reserve deposit information; uncertainties regarding global supply and demand for rare earths materials; Molycorp’s ability to successfully integrate recently acquired businesses; Molycorp’s ability to reach definitive agreements for a joint venture to manufacture neodymium-iron-boron permanent rare earth magnets and its supply and financing arrangement with Sumitomo; Molycorp’s ability to maintain appropriate relations with unions and employees; Molycorp’s ability to successfully implement its “mine-to-magnets” strategy; environmental laws, regulations and permits affecting Molycorp’s business, directly and indirectly, including, among others, those relating to mine reclamation and restoration, climate change, emissions to the air and water and human exposure to hazardous substances used, released or disposed of by Molycorp; and uncertainties associated with unanticipated geological conditions related to mining.

For more information regarding these and other risks and uncertainties that Molycorp may face, see the section entitled “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2010 filed with the SEC. Any forward-looking statement contained in this press release or the Annual Report on Form 10-K reflects Molycorp’s current views with respect to future events and Molycorp assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as otherwise required by applicable law.

Contacts

Molycorp Inc.

Brian Blackman,

Senior Manager, Investor Relations

+1 303-843-806

Brian.Blackman@Molycorp.com

ICR, LLC

Investor Relations:

Gary T. Dvorchak, CFA,

Senior Vice President

+1 310-954-1123

Gary.Dvorchak@icrinc.com

(BUSINESS WIRE)– Exxon Mobil Corporation (NYSE: XOM) and Nippon Steel Corporation announced today that ExxonMobil has granted Nippon Steel the world’s first license for patented field welding technology used to construct high-pressure pipelines made with X120 ultra high-strength steel linepipe.

ExxonMobil pursued a comprehensive X120 development program to ensure that field welding technology would meet X120 strength requirements and be compatible with conventional pipeline construction practices. The X120 welding technology uses the pulsed gas metal arc welding process (PGMAW) with a proprietary solid welding wire and argon-based shielding gas to achieve high-strength welds with high toughness. Welding is performed using standard automated and semi-automated welding tools familiar to pipeline industry welders.

The technology now licensed by ExxonMobil to Nippon Steel also includes the right to manufacture the proprietary welding wire. The signing of the license agreement makes Nippon Steel the world’s first and sole pipe manufacturer having available both a mill to manufacture X120 linepipe and ExxonMobil welding technology for pipeline construction.

X120 ultra high-strength linepipe was jointly developed by ExxonMobil’s Upstream Research Company and Nippon Steel. X120 linepipe is 50 percent stronger than the strongest linepipe steel (X80) commonly used in gas transmission pipelines and is a cost effective and safe method of transporting natural gas from remote regions to urban customers using high-pressure, large-diameter pipelines.

Natural gas demand is forecast to grow 60 percent globally in the next 20 years. Many new gas resources required to meet this demand are in remote areas and will require cost-effective transportation options before they can be commercialized. The use of X120 linepipe could substantially improve the economics of long-distance pipelines used in the development of remote gas resources.

About ExxonMobil

ExxonMobil Upstream Research Company is the Upstream research affiliate of Exxon Mobil Corporation (NYSE:XOM), a leading global oil, natural gas, and petrochemicals company with operations in nearly 200 countries and territories worldwide. ExxonMobil Upstream Research Company is charged with developing an industry-leading array of proprietary technologies that support the Corporation’s continued leadership position in exploration, development, production and gas commercialization.

About Nippon Steel

The Nippon Steel Group, focused on steel manufacturing, contributes to industrial development and the enhancement of peoples’ lives through creation and supply of valuable and attractive products and ideas. Nippon Steel Group has developed an organization that can dynamically meet the needs of each expanding market and thereby increase its global marketing strength in order to meet the needs of customers throughout the world.

CAUTIONARY STATEMENT: Statements in this release regarding future events or conditions are forward-looking statements. Actual future results, including the performance of new technology, could differ materially depending on geologic conditions, technical or operating factors, and other factors discussed under the heading “Factors Affecting Future Results” on the “Investors” section of our website at www.exxonmobil.com.

Contacts

ExxonMobil

Patrick McGinn,

713-656-4376

(BUSINESS WIRE)– GoldMoney, one of the world’s largest providers of physical bullion for retail investors, is now offering its customers three new currencies to invest in gold, silver, platinum and palladium: the Australian Dollar (AUD), the New Zealand Dollar (NZD) and the Hong Kong Dollar (HKD). Therewith, the number of currencies in which GoldMoney customers can trade rose to a total of nine, namely USD, GBP, EUR, CAD, CHF, JPY plus these three new additions. “Our aim at GoldMoney is to always offer our customers a top service. Therefore, we are continuously looking to expand our services by, for example, offering additional storage opportunities worldwide or the integration of other currencies,” said GoldMoney CEO Geoff Turk.

GoldMoney customers benefit from this expanded range of currencies because they can buy and sell precious metals in more than one currency. “Thus our customers gain flexibility and don’t have to trust that in five years the Euro or US Dollar may still be lead currencies, but can switch to another currency if necessary,” added GoldMoney’s Head of Marketing Alex Preukschat. GoldMoney calls this revolutionary concept a liquidity platform, which is currently offered to customers in 93 countries via the Internet. With the integration of the Australian, New Zealand and Hong Kong Dollars into the service range for buying precious metals, investors can now hold other well-regarded currencies in their portfolio and use it for precious metals transactions.

About GoldMoney

Founded by James and Geoff Turk, GoldMoney is one of the world’s largest providers of physical bullion for retail investors, GoldMoney is combining 21st century technology with the world’s oldest money: Gold. The company uses the Internet to make the purchase and the storage of gold, silver, platinum and palladium secure, convenient and economical. Residents of 93 countries can establish a GoldMoney Holding to build savings and secure their wealth by owning pure gold, silver, platinum and palladium. All precious metals are insured and stored safely and conveniently for the investor in specialized precious metals vaults in London, Zurich and Hong Kong. By performing regular audits GoldMoney constantly ensures and verifies the contents of their precious metals vaults, thereby setting the standard for companies in this sector.

Read more at www.GoldMoney.com

Contacts

GoldMoney

Ziggy Johannsen, +44-1534-633-990

ziggy.johannsen@goldmoney.com

www.GoldMoney.com

(BUSINESS WIRE)– Texas Rare Earth Resources Corp. (OTCQB:TRER), a heavy rare earths mining company, today announced that Marc LeVier, has joined Texas Rare Earth Resources Corp as its Chief Executive Officer. Mr. LeVier was also named to the company’s Board of Directors. Mr. LeVier previously served for 16 years as Senior Director of Metallurgical Services for Newmont Mining Corporation (NYSE:NEM) and will now lead Texas Rare Earth Resources development of its Round Top Mountain rare earth-beryllium-uranium project that includes niobium, tantalum and gallium.

With 40 years experience in advanced process engineering, Mr. LeVier spent the last 22 years with Newmont in several professional capacities. As head of Metallurgical Research and Development, he led the world-class research team in the development of processes for resources which have become Newmont’s primary producing properties today. These include the development of the Gold Quarry refractory ore treatment plant (ROTP) at the Carlin Trend in Nevada, the Batu Hijau porphyry copper-gold mine in Indonesia, the heap leach operations at Minera Yanacocha in Peru, the Ahafo operations in Ghana, the Phoenix operation in Nevada, and the Boddington operation in Australia. Additionally, Mr. LeVier led teams in the development of the former operations at Minahasa in Indonesia and the Zarafshan-Newmont Joint Venture heap leach operation in Uzbekistan.

Mr. LeVier commented, “I believe Texas Rare Earth is ideally positioned to be the leading global supplier of strategic heavy rare earths. Round Top Mountain is a world-class multi-metal deposit, unique in its geologic setting, and a massive host of heavy rare earth elements. These elements are essential to the security of our country. I am extremely excited to join Texas Rare Earth’s management team to build not only a leader in the rare earths supply chain but a leader in all aspects of the mining industry.”

In his career, Mr. LeVier has developed and led multi-disciplinary teams in hydrometallurgical, chemical and engineering design processes for base metals, industrial minerals, uranium, coal, iron ore, and precious metals. He has published and presented numerous technical papers on metallurgical research and process development. His contributions are further acknowledged in the process patents that were granted to Newmont in the areas of biooxidation, whole ore roasting, and pressure oxidation of gold ores. He developed Newmont’s expertise in the use of alternative lixiviants, such as thiosulfate, thiocyanate, and thiourea in the leaching of gold ores. The Newmont metallurgical team also led the industry in the development and use of membrane technology in the treatment of process solutions along with other proprietary water treatment methods to allow responsible discharge of solutions to the environment.

During his leadership over the past two decades, the Newmont R&D team led innovations in-house and also at the university level. Mr. LeVier is internationally recognized for his management and leadership skills and has served on Industrial Advisory Boards at Montana Tech, South Dakota School of Mines & Technology, Virginia Tech, Michigan Tech, and the University of Arizona. He has also served on the AMIRA BOD, which is an international collaborative research group based in Australia, and the Society for Mining, Metallurgy and Exploration BOD. Mr. LeVier will continue to serve in his advisory board capacities as well as on the Montana Tech Foundation Board of Directors. Mr. LeVier is a member of the Mining and Metallurgical Society (MMSA) and served as its President for four years.

Mr. LeVier holds both a Bachelors and Master’s degree in Metallurgical Engineering from Michigan Technological University. He previously worked for Exxon Minerals Company, Joy Manufacturing Corporation and Derrick Manufacturing Corporation. He served in the U.S. Army Corps of Engineers during the Vietnam era.

Daniel Gorski, the Company’s former CEO who has moved to the position of Chief Operating Officer, commented, “Marc LeVier is a renowned leader in the mining industry and this should be regarded as a very strong endorsement of our Round Top Project and the seriousness of our intent to grow Texas Rare into a major mining company. Marc’s breadth of experience on world-class projects and his proven technical ability to solve complex challenges will be invaluable as we develop Round Top and beyond.”

The company is opening a new office in Denver to centralize executive operations.

Forward-Looking Information

This press release may contain forward-looking statements about the business, financial condition and prospects of the Company. Forward-looking statements, can be identified by the use of forward looking terminology such as “believes,” “projects,” “expects,” “may,” “goal,” “estimates,” “should,” “likelihood,” “plans,” “targets,” “intends,” “could,” or “anticipates,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy or objectives. Forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. These statements are made to provide the public with management’s current assessment of the Company’s business. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, there can be no assurances that such expectations will prove to be accurate. Security holders are cautioned that such forward-looking statements involve risks and uncertainties. The forward-looking statements contained in this press release speak only as of the date of this press release and the Company expressly disclaims any obligation or undertaking to report any updates or revisions to any such statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to differ materially from those anticipated by some of the statements made in this press release.

About Texas Rare Earth

Texas Rare Earth Resources Corp. has a 20-year lease on and is developing a significant rare earth-beryllium-uranium property located in Hudspeth County, Texas, some 85 miles east of El Paso, Texas. Independently published data indicates the property may contain more than one billion metric tons of rhyolite containing low-grade rare earths with a 67% ratio of heavy to light rare earths. Prior data from earlier exploratory work also indicates what management believes to be a potentially large high-grade beryllium resource. Uranium is present in the deposit and preliminary sampling shows grades of over 1% U exposed in the mine. Texas Rare Earth Resources Corp.’s primary focus is developing its Round Top Mountain rare earth-uranium-beryllium project which also includes niobium, tantalum and gallium. Texas Rare Earth’s common stock trades on the OTCQB Market tier under the symbol “TRER.”

For more information on Texas Rare Earth Resources Corp., visit its website at http://www.texasrareearth.com.

Contacts

Texas Rare Earth Resources Corp.

Marc LeVier, 361-790-5246

Chief Executive Officer

mlevier@texasrareearth.com

Investor Relations:

Kei Advisors LLC

Deborah K. Pawlowski, 716-843-3908

dpawlowski@keiadvisors.com

(BUSINESS WIRE)– Molycorp, Inc. (NYSE: MCP) today announced that its wholly owned subsidiary Molycorp Minerals, LLC (Molycorp) has acquired Arizona-based Santoku America, Inc. (SAI), one of the leading producers of high-purity rare earth alloys and metals outside of China, in an all-cash deal for $17.5 million. The transaction closed on Friday, April 15, at a ceremony attended by senior management representatives from Molycorp, SAI, and Japan-based Santoku Corporation, SAI’s former parent company.

The acquisition provides Molycorp with the capability to immediately begin manufacturing and selling rare earth alloys for the production of neodymium iron boron (NdFeB) magnets (used in electric and hybrid cars, advanced wind energy turbines, and many high tech electronics and applications) and samarium cobalt (SmCo) magnets (used in defense and other applications), as well as a variety of other specialty alloys and products. SAI will immediately begin sourcing rare earth feed stocks for production of its products from Molycorp’s Mountain Pass, California rare earth mine and processing facility, making it the first rare earth metal and alloy producer in North America that is not dependent on rare earth materials sourced from China. Based in Tolleson, Arizona, the facility has been producing specialty alloys, including rare earth alloys, for more than 30 years. The employees there are highly experienced and skilled in the production of rare earth and specialty alloys.

The company will change its name from SAI to Molycorp Metals and Alloys, Inc., to better reflect its new U.S. based ownership and its access to one of the world’s richest rare earth ore deposits at Molycorp’s Mountain Pass rare earth mine and processing facility. Additionally, pursuant to the terms of the transaction, Santoku Corporation will provide Molycorp Metals and Alloys, Inc. with technical assistance with respect to the production of rare earth alloys on an ongoing basis and also will act as the exclusive authorized distributor of strip cast NdFeB alloys produced by Molycorp Metals and Alloys, Inc.

“We are very pleased with this acquisition,” said Mark A. Smith, President and Chief Executive Officer of Molycorp, Inc. “It further strengthens and expands the excellent relationship Molycorp and Santoku Corporation have enjoyed for many years. It also accelerates our plans to deploy a fully integrated ‘mine-to-magnets’ manufacturing supply chain in the U.S. In addition to working with Santoku Corporation as our distributor of strip cast NdFeB alloys manufactured at the Arizona plant, we also look forward to continuing our supply relationship in support of Santoku’s ongoing alloy manufacturing operations in Japan.”

“The highly experienced SAI team will be a great addition to our rapidly growing Molycorp family, and I am especially pleased that we will be gaining the talents and experience of SAI President Randall Ice in this acquisition,” added Smith.

“We at Santoku Corporation are pleased that Molycorp has acquired our U.S. based manufacturing operations and that by selling those operations, we have been able to help Molycorp in creating a fully domestic “mine-to-magnets” manufacturing chain in the U.S.,” said Yusuke Inoue, Chairman of Santoku Corporation.

Media Availability Via Conference Call

Molycorp CEO Mark Smith will speak to members of the news media at a media availability event at the Molycorp Metals and Alloys facility in Tolleson, Arizona (8220 West Harrison Street) at 12:45 p.m. Pacific to discuss this acquisition and its implications. Accredited members of the news media are welcome to attend in person or to participate via conference call-in. Conference call-in numbers are provided below:

From the US: +1 (323) 417-4600, access code: 689-019-182

From the UK: +44 (0) 121 368 0265, access code: 689-019-182

From Canada: +1 (416) 900-1162, access code: 689-019-182

From Australia: +61 (0) 2 8014 4932, access code: 689-019-182

From Germany: +49 (0) 898 7806 6471, 689-019-182

About Molycorp

Colorado-based Molycorp, Inc. is the only REO producer in the Western Hemisphere and currently produces more than 3,000 metric tons of commercial rare earth materials per year. In addition to its rare earth mine and processing facility at Mountain Pass, California, Molycorp also owns a controlling interest in the Estonia-based Molycorp Silmet AS, which has a production capacity of 3,000 metric tons of rare earth products and 700 metric tons of rare metal products annually and is one of the largest rare metal and rare earth metal producers in Europe. Following the execution of Molycorp’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, Molycorp expects to produce at a rate of approximately 19,050 metric tons of REO equivalent per year from Mountain Pass. The Company expects to achieve an annual production capacity at Mountain Pass by the end of 2013 of approximately 40,000 metric tons of REO equivalent per year after the completion of Phase 2. Molycorp intends to provide to the market a range of rare earth products, including high-purity oxides, metals, alloys, and permanent magnets. The company currently sells products to customers in Europe, North and South America, Asia, Russia, and other previous Soviet Union countries.

This press release contains forward-looking statements that represent the Company’s beliefs, projections and predictions about future events or its future performance. You can identify forward-looking statements by terminology such as “may,” “will,” “would,” “could,” “should,” “expect,” “intend,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue” or the negative of these terms or other similar expressions or phrases. These forward-looking statements are necessarily subjective and involve known and unknown risks, uncertainties and other important factors that could cause the Company’s actual results, performance or achievements or industry results to differ materially from any future results, performance or achievement described in or implied by such statements. Factors that may cause actual results to differ materially from expected results described in forward-looking statements include, but are not limited to: the Company’s ability to effectively assimilate Santoku America, Inc. into its overall operations; the Company’s ability to secure sufficient capital to implement its business plans; the Company’s ability to complete its Phase 1 modernization and expansion efforts and Phase 2 expansion efforts and reach planned production rates for REOs and other planned downstream products; uncertainties associated with the Company’s reserve estimates and non-reserve deposit information; uncertainties regarding global supply and demand for rare earth materials; the Company’s ability to maintain appropriate relations with unions and employees; the Company’s ability to successfully implement its “mine-to-magnets” strategy; environmental laws, regulations and permits affecting the Company’s business, directly and indirectly, including, among others, those relating to mine reclamation and restoration, climate change, emissions to the air and water and human exposure to hazardous substances used, released or disposed of by the Company; uncertainties associated with unanticipated geological conditions related to mining; and other risks discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s Quarterly Report on Form 10-Q for the period ended December 31, 2010, which filings are available from the SEC.

Any forward-looking statement you read in this press release reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to the Company’s operations, operating results, growth strategy and liquidity. You should not place undue reliance on these forward-looking statements because such statements speak only as to the date when made. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future, except as otherwise required by applicable law.

Contacts

Molycorp, Inc.

Jim Sims, +1 303-843-8067

Director of Public Affairs

Jim.Sims@Molycorp.com

Investor Relations:

ICR, LLC

Gary T. Dvorchak, CFA, +1 310-954-1123

Senior Vice President

Gary.Dvorchak@icrinc.com

 RISA manufactures robust, manoeuvrable digger derricks that come in two distinct ranges, to be mounted on either a standard truck or a slow carrier. They are designed to meet all of the erecting and maintenance requirements of aerial networks. Featuring a specialised articulated, telescopic arm, and equipped with a digging motor, these machines boast lifting power ranging from 15 to 30 tons/meter rating. RISA can perform all kinds of digger derricks assemblies on trucks to be used on a variety of terrains. Moreover, the slow carrier range includes the Challenger, an hard conditions off-road, high-performance hydrostatic transmission. With its four drive and directional wheels, it can perform in the toughest terrain conditions. Fully manufactured by RISA, its transport capacity is 2 X 4,000 kgs. RISA works hard at developing compact rock trenchers which, thanks to their innovative features, are the most versatile tools on the market. Indeed, their fast fastener feature makes it possible to use a variety of tools, a chain tool or rock saw, in digging trenches in accordance with the users’ needs. A patented sliding chain system guarantees a 30% increase in trenching performance as compared to standard chains. Using vertical articulation on a free-standing jack, it can dig low-radius curved trenches. In addition, a slope-adjusting system will preserve the trench’s verticality regardless of terrain unevenness. RISA rock trenchers can also load the rubble on to the truck during the digging, or lay it to both sides of the trench and mechanically lay down the cables and pipes in the soil.

 RISA also provides pulling winches intended for the tensioning of high-voltage and very-high-voltage cables. Mounted on slow carriers (tractors) or on trucks, they are equipped with a hydraulic anchor. These winches possess great unwinding accuracy, with highly precise brakes that can command a clear, total halt of the drum.

 For its part, COMILEV offers a wide range of telescopic access platform lifts, to a height ranging from 8 to 46 metres. Some models, mounted on light commercial vehicles (vans and trucks) have a total GVW up to 3.5 tonnes. When installed on a HGV, the access platforms with telescopic pendular arms are highly manoeuvrable and particularly well-suited to working from heights where there are obstacles to get around, thus helping in accessing hard-to-reach places. Beyond this standard range of access platforms, COMILEV has designed a special range of fire-fighting access platforms complete with a telescopic, articulated arm (BEA). Innovations provided by this range increase the safety, manoeuvrability and sturdiness of lifting access platforms in fire-fighting and rescue.

For any further information :

Groupe HTI

Mr Alvaro BOUNOUS

Export Manager

Email : abounous@groupe-hti.com

Website : www.groupe-hti.com

Roots Steel International Co. Ltd (Roots Steel Group), a leading Saudi Arabia-based manufacturer of pre-engineered metal building systems, announced today the acquisition of two Sharjah-based companies – Ginco Steel L.L.C. and Polyco Co. Ltd, both wholly owned subsidiaries of Bank of Sharjah.

The acquisition is part of Roots Steel Group’s aggressive expansion strategy in the region.

“Roots Steel Group aims to be the leading player in the metal building and structural steel industries in the region,” said Mahmoud Mustapha, Managing Director of Roots Steel Group. “The acquisition of Ginco Steel and Polyco complements our expansion strategy in the region, and will allow us to meet our operational requirements and growth demands more efficiently.”

Roots Steel engages in the design, engineering, project management, manufacturing, sale, erection, and after-sales service of pre-engineered metal building systems (PEBs) in Saudi Arabia, the United Arab Emirates, Syria, and Egypt. Headquartered in Jeddah, Saudi Arabia, the company offers customized metal building systems and components for industrial, commercial, and institutional applications.

Ginco Steel LLC, established in 1975, is an ISO 9001:2008-certified structural steel company based in the Sharjah Industrial Area. Its core activities include design, production, sales and erection of steel structures for high-end oil and gas, infrastructure, industrial, commercial and other projects.

Polyco Ltd Co., established in 1982 and also an ISO 9001:2008 company, operates mainly in design, production, sales and erection of conveying systems for the mining, industrial and food industries. Polyco also manufactures and supplies various types of oil field cabins.

Following the acquisition of Ginco Steel and Polyco, Roots Steel Group is stepping up its expansion initiatives further with the establishment of a new plant in Egypt, which will be inaugurated by May 2011. Another new plant facility in Bahra near Jeddah is expected to be operational by mid-2012.

The Group is targeting a combined production capacity of 300,000MT per year from all its plants, covering the Middle East, Africa and Asia, Mustapha said.

“Roots Steel Group has grown significantly since the founding of its first plant in Syria in 2009. Through remarkable business expansion and through continued emphasis on production techniques and product quality, we aim to serve our customers better and reach production levels that would sufficiently meet local and international demands for steel,” he concluded.

Contacts

Headline Public Relations

Rendala Majdalani

Tel: 9714 – 2289655

Email: rendala@headlinepr.com