Business model
The interplay of storylines, textures and elements form a perfect interaction of the environment.
Industrial Sector
Products and Services
Molymet is engaged in the manufacturing, on its own or through third parties, of molybdenum, ferro molybdenum, ammonium perrhenate and other alloys or industrial products derived from minerals that contain molybdenum that are present along with it in its natural state or as a byproduct of other prior industrial processes. The services we are authorized to provide include installing or operating power or industrial facilities of any type
and developing, acquiring or selling products, materials, substances, byproducts, merchandise and derivatives of all types related to our corporate purpose. With over 40 years’ experience, Molymet leads worldwide production of rhenium and has the capacity to process around 35% of the global molybdenum market.
Global Demand
Annual Total
(Mlb of Mo)
2021
610
Average Price
The molybdenum price averaged US$ 15.85 lbMo in 2021, with a clear, continuous upward trend during the year. It reached its highest average value in September of US$ 19.51 lbMo, followed by a small, downward correction in the fourth quarter, averaging US$ 18.89 lbMo for the three-month period. This price trend is clearly linked to economic recovery in the main markets where our products are consumed, such as Europe, North America and Brazil.
15,85 lbMo
Average price in 2021
19,51 lbMo
Highest monthly average price
Competition
Based on its molybdenum roasting capacity, Molymet’s main competitors in the market are Jinzhou China Dragon Moly Co. Ltd. (JNCD), Jinduicheng Molybdenum Co., Ltd. (JDC), Freeport-McMoRan Inc. and Thompson Creek Metals Company Inc.—both based in the US—and Sociedad de Procesamiento de Molibdeno Ltda., (Molyb), a Codelco subsidiary located in Mejillones, Chile.
Legal Framework
We place great importance on doing business in strict and faithful compliance with current laws and regulations. In addition to a shared national framework (i.e. the constitution and civil, labor, health and general administrative regulations), our activities are regulated in two main areas: the securities market and the environment.
Regulations for Issuers of Publicly-traded Securities
Law No. 18.046, the Corporations Act
Law No. 18.045, the Securities Market Act
Applicable Environmental Regulations
Environmental Qualification Resolutions numbers:
204/1999, 674/2001, 512/2002, 539/2003, 285/2004, 435/2005, 983/2008, 1025/2008 and 511/2021.
Other Rules and Norms
Molymet has voluntarily implemented a Crime Prevention Model based on compliance with Law No. 20,393 on Criminal Liability for Legal Entities. This model has been periodically certified.
Regulators
Several regulators have oversight authority over the company, specifically:
National Customs Service, in matters related to imports, product exports and tax and duty payments.
Internal Revenue Service, in tax-related matters.
Environmental Superintendency, in environmental matters.
Health Ministry, for matters related to the health and care of people.
Financial Market Commission (Chile), National Securities Market Commission (Mexico), Financial Superintendency (Colombia), in financial and securities market matters
Labor Bureau, in matters related to compliance with labor regulations in Chile
Cochilco, in matters related to information on commercial aspects of product exports.
Membership in Trade Associations or Organizations
Chilean Industrial Chemical Association (Asiquim)
Chilean Federation of Industry (Sofofa)
Chilean Institute for Rational Business Management (Icare)
Santiago Exchange
San Bernardo Industrial Association
S.F.F. Servicios S.A.
Mexican Chilean Chamber of Commerce
Mejillones Industrial Association (AIM)
Yellow-billed Tern Foundation (Fundación del Gaviotín Chico)
Stakeholders
We seek to generate value for all stakeholders
Employees
The backbone of our operations.
Customers
Our long-term strategic partners, whom we serve most closely.
Community
We are an active, committed part of our surroundings. It is important for our operations to maintain transparent, trust-based relationships with our neighbors.
Suppliers
They support us to achieve optimum development of industrial plants and corporate departments.
Authorities
They supply regulations and guidelines that we always strictly follow.
Shareholders
They place their trust in our work. We seek continual excellence for them.
Environment
We are committed to managing our operations in line with the highest environmental standards, in full respect for current legislation and always striving to stay one step ahead.
Business Lines
Direct Sales
We purchase molybdenum concentrates (molybdenite) and use our own technology to treat and process the concentrate and produce a wide range of molybdenum products (from molybdenum oxide to pure products) that we then sell on the global market.
Processing
Mining companies give Molymet molybdenite to process and return as a product with commercial value.
Goods Produced and/or Services Rendered
From molybdenum concentrate, Molymet obtains the following final products:
Pure and technical grade molybdenum oxide
Ferro
molybdenum
Molybdenum
salts
Molybdenum
Metal Powder
Molybdenum
dioxide
Metallic
rhenium
Ammonium
perrhenate
Perrhenic
acid
It also produces the following as derivatives of its environmental control processes:
Sulfuric
acid
Cement
Copper
Copper
cathodes
Sales Channels and Distribution Methods
The company’s main customers are located in Europe, Asia, South America and North America and operate in the following industries:
Steel making
Chemistry
Aerospace
Electronics
Automotive
Office Locations
We have commercial offices for distributing products and attending to customer requirements in the diverse markets where we do business. They are located in:
Sales offices
Production Facilities
Office: Blvd. Luis Donaldo Colosio Nº450, Torre 1, Nivel 5, Local 1, Hermosillo, México
MolymetNos: Camino Peñuelas Nº0258, Nos, San Bernardo, Chile
Product distribution in those markets is scheduled directly by the Molymet team. To accomplish this, we have commercial agreements with the main shipping companies and warehouses in the cities of Baltimore (United States), Rotterdam (Holland), Tianjin (China), Busan (Korea) and Nhava Sheva (India).
Suppliers
We obtain the raw materials for our production processes from two primarily sources:
Direct purchases from suppliers related to copper mining, consisting mainly of three entities that each represented 20% or more of total supply in 2021.
Tolling, where the raw material is provided by the customer to be transformed into finished products that the customer itself sells. In this particular segment, we have three main customers that represent around 30% of business volumes.
We procure molybdenum concentrate supply through multi-year contracts with domestic and foreign copper companies that produce this raw material as a byproduct. Suppliers of this input include:
Codelco, through its Chuquicamata, Salvador, Andina and El Teniente divisions
Minera Los Pelambres
Southern Copper Corporation (SCC)
Mexicana de Cobre S. A. de C. V.
Anglo American Sur A.
Minera Las Bambas S. A.
BHP Billiton
Kennecott Molybdenum Company
Highland Valley Copper
Anglo American Chile Inversiones
Sierra Gorda SCM
Customers
Molybdenum is an important raw material for the steel, construction, super alloys and chemical products industries, among others. As such, our revenue from molybdenum and rhenium product sales consists almost entirely of exports to customers located on all continents.
In addition, we sell to trading and mining companies that resell the product and maintain tolling or processing contracts with Molymet or its subsidiaries. Our main customers in 2021 included:
- Plansee SE
- Seah M&S Corp.
- MP Diffusion
- Columbia
No customer individually represents 10% or more of the revenue generated through direct sales from the company’s own raw materials. The largest customer represents 8.5% of billing and the second 5%. Through its offices in the United States, Brazil, England and China, Molymet Group handles around 20% of global demand for molybdenum products.
In the tolling sector, where the raw material is received to be transformed but is not a company asset, Molymet has three main customers that represent around 85% of its annual business volume in this sector.
Trademarks
Molibdenos y Metales S.A. owns a portfolio of trademarks associated with its production subsidiaries. These trademarks are designed as part of a global concept that includes the symbol and logo (mixed brand) with the corporate colors: orange, green, blue and charcoal gray.
Molymet
The Molymet mixed brand was registered with Chile’s National Intellectual Property Institute (Inapi) in 2004 to distinguish the industrial and commercial entity and in 2005 to designate products and services. It has since been updated and registered in other countries. Thus far it has been registered in Japan, Korea, China, the United States, Canada, Mexico, Brazil, Chile, Peru and the European Union.
Molynor
The Molynor mixed brand was registered with Inapi in 2009 to designate products and service and in 2017 it was expanded to designate the industrial entity as well. It also has been registered in several other countries, including Japan, Korea, China, Mexico, the European Union, Peru and Chile.
Molymex
The Molymex mixed brand was registered with the Mexican Intellectual Property Institute (IMPI) in 2004 and renewed in 2014.
MolymetNos
In 2021 the MolymetNos brand was registered in Chile under classes 1, 4, 6, 7, 12, 14, 16, 35, 37, 38, 40 and 42.
Geonuts
The subsidiary Inmobiliaria San Bernardo owns the mixed brand Geonuts, which has its own symbol, logotype and colors and is registered in the United States, Chile, China, South Korea and the European Union.
Patents
PATENTS
Chilean Invention
PCT WO2017/035675 A1, Method for Removing Arsenic from Material Containing the Same
PRODUCTION PROCESS
Removal of arsenic from mineral concentrates and other materials of interest and stabilization of arsenic residue for safe disposal.
REQUEST
In 2017, in Chile, Peru, Mexico, Canada, the United States, China, Australia, Bulgaria and Namibia.
APPROVAL
2018 in Namibia. 2020 in China and the United States. 2021 in Australia It is completing the normal process in the other countries.
PATENTS
PCT WO2017/202909 A1, Roasting Furnace, Use Thereof and Method for the Processing of Ores or Concentrates
PRODUCTION PROCESS
Changes to the roasting ovens and operation methods developed by Molymet Belgium (formerly Sadaci).
REQUEST
November 30, 2017, in Belgium, China, the United States, Mexico, Canada, Chile, Peru, South Korea and the European Union.
APPROVAL
2018 in Belgium. 2020 in China and Spain. In 2021 in Chile and the United States. It is completing the normal process in the other countries.
PATENTS
CL 201803101, Chilean Invention
PRODUCTION PROCESS
Selective removal process for copper compounds and other impurities with respect to molybdenum and rhenium from molybdenite concentrates.
REQUEST
2018 in Chile. In 2019 in Australia, Canada and the United States.
APPROVAL
2021 in Chile. It is undergoing the normal process in the other countries in which it has been requested.
Properties and Facilities
Molibdenos y Metales S.A. (Parent Company)
Corporate Headquarters
Location
Nos, San Bernardo, Metropolitan Region, Chile
Surface Area
Located in a 5-hectare park.
Built Surface Area
5.215 m2
Property Ownership
Company owned
Specifications
- Self-sustaining building opened in 2011.
- Approximately US$15 million was invested in its construction.
- Reinforced concrete structure with beams and steel tensors.
- This building houses the offices of the Vice President of Sales and Market Development, the Vice President of Engineering, the Vice President of Corporate Administration and Finance, the Vice President of Corporate Strategic Management, Technology and DX, and the Sustainability, Operational Excellence, Accounting, People and Shareholder Relations departments.
- Platinum-level LEED certification based on the following achievements:
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Casona Las Lilas
Location
Nos, San Bernardo, Metropolitan Region, Chile
Surface Area
Located in the same 5-hectare park.
Built Surface Area
1.600 m2
Property Ownership
Company owned
Specifications
- Built in 1880 with a native park that dates back to the same time.
- It was remodeled between 2006 and 2009 to reinforce the original adobe structure to make it earthquake resistant.
- The building houses the offices of the CEO, the Vice President of Corporate Human Resources and Communications, the Vice President of Americas Operations, the Vice President of Corporate Compliance and Risk and the Vice President of Corporate and Legal Affairs.
- The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Complejo Industrial Nos
Location
San Bernardo, Metropolitan Region. Chile
Surface Area
42,9 hectáreas
Built Surface Area
61.333 m2
Property Ownership
Company owned
Specifications
The complex has plants for:
- Roasting and pressure oxidation
- Pure molybdenum products
- Ferro molybdenum
- Concentrate and technical oxide conditioning
- Recovery of metals and water from liquid industrial waste and solids and disposal of liquid industrial waste
- Solvent extraction
- Copper cathodes
It also has the following facilities for capturing and treating dust and gases from:
- Inertial and electrostatic dedusting systems
- Gas and sulfuric acid cleaning plants
- Support facilities: laboratory, IT systems, maintenance workshop and offices, storage facilities, cafeteria, etc.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Complejo Industrial Molynor S.A.
Industrial Complex
Location
Mejillones Port Complex, 65 km from the city of Antofagasta in the Antofagasta Region Chile
Surface Area
30 hectares, owned by Molynor
Built Surface Area
15 hectáreas
Property Ownership
Company owned
Specifications
Service facilities for production processes: sea water adduction and inverse osmosis plant, compressed air, cooling towers, chemical laboratory, sampler, uninterrupted electric power system and diesel backup generator park.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Maritime Concession
Location
Mejillones Bay, Antofagasta Region. Chile
Surface Area
3.754,97m2
Property Ownership
Company owned
Specifications
Concession granted on November 21, 2011.
Its purpose is to capture the sea water that feeds the inverse osmosis process for the generation of industrial water and then receive the brine generated.
Carbomet Energía S.A.
Los Bajos Plant
Location
Puente Alto, Metropolitan Region Chile
Surface Area
84.033 m2
Built Surface Area
850 m2
Property Ownership
Company owned
Specifications
- Design capacity: 18 m3/s
- Capture of water discharged from the Puntilla power plant and irrigation water from the Sociedad del Canal de Maipo. The latter is captured directly from the river through an intake and is channeled through a 6 km-long adduction canal.
- Carbomet Energía holds water rights for 24 m3/s for non-consumption. As such, the company returns the water to the source after it is used in the turbine.
- The Leffel brand generator works with a net fall of 40.2m. Its nominal power is 5.6 Mw. The Francis-type horizontal axis turbine was placed in service in 1944.
- The plant is connected to the National Electricity System (SEN) through Eléctrica Puente Alto for energy transmission. Both the transmission line and plant are located on land owned by the company and third-parties that were adjudicated by concession (DS4350 dated July 1944) with their corresponding easements.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Maipo Auxiliary Plant
Location
San Bernardo, Metropolitan Region. Chile
Surface Area
65.112 m2
Built Surface Area
750 m2
Property Ownership
Company owned
Specifications
Design flow: 24 m 3 /s
Net fall: 27 m
Nominal power: 5,1 Mw
Facilities
- Three Francis horizontal axis units, two of them double discharge, placed in service in 1962. The third is a simple discharge unit and has been operational since 1985.
- The plant has non-consumption water rights that capture the discharge from the Los Bajos Plant and channels them through a 3.5-km canal to return them to the river bed after they are used in the turbines.
- The energy generated is transmitted to the SEN injection point through a connection to the distributor (CGED) in the Bajos de Mena location through a 300 meter, 12,000 volt line to the company’s connection point.
- The plant is located on our own land and the line is located on land owned by third parties with the respective easements.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Nos Administrative Offices
Location
Avenida Portales Oriente No. 3499, San Bernardo, Metropolitan Region, Chile
Built Surface Area
1.211 m2
Property Ownership
Leased (owned by Carbomet Industrial S.A.)
Specifications
The offices of the CEO, Deputy CEO and company management are located on the property. File warehouses are also housed here.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Carbomet Industrial S.A.
Warehouse
Location
Avenida Portales No. 3499, San Bernardo, Metropolitan Region, Chile
Built Surface Area
1.168 m2
Property Ownership
Company owned
Specifications
This warehouse, which has a capacity for 1,000 tons of class 4.36 flammable solids, is used by Molymet to store ferro silicon and calcium carbide under a long-term rental contract with Carbomet Industrial S.A.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Land
Location
Av. Portales No. 3499, San Bernardo, Metropolitan Region, Chile
Surface Area
15.381 m2
Property Ownership
Company owned
Specifications
This property is part of Molymet’s industrial sector and includes approximately 13,062 m2 of open air space used mainly to store raw materials. The remaining 2,319 m2 are mostly covered and used by Molymet for contractors, forklift operations and material storage.
Off-Plant Properties
Location
Avenida Portales, San Bernardo, Metropolitan Region, Chile
Surface Area
15.381 m2
Property Ownership
Company owned
Specifications
Carbomet Industrial has four lots outside of the Molymet industrial sector that are rented to third parties for residential use. The surface area of each lot does not exceed 2,000 m2.
Warehouse
Location
Av. Portales No. 3499, San Bernardo, Metropolitan Region, Chile
Built Surface Area
287 m2
Property Ownership
Leased
Characteristics
This facility is used to store documents.
Dining Hall
Location
Av. Portales No. 3499, San Bernardo, Metropolitan Region, Chile
Built Surface Area
200 m2
Property Ownership
Leased.
Specifications
This facility contains a dining hall as well as areas for food preparation, food delivery, washing dishes, storing food and services for contractor and dining hall personnel, all available for Molymet use.
Administrative Offices
Location
Av. Portales No. 3499, San Bernardo, Metropolitan Region, Chile
Built Surface Area
296,66 m2
Property Ownership
Company owned
Specifications
Offices leased to Carbomet Energía S.A., that have a reception area, employee parking, offices and meeting rooms. All of that company's employees work at this facility.
Inmobiliaria San Bernardo S.A.
Land
Location
Los Suspiros No. 3551, San Bernardo, Metropolitan Region
Total surface area
133 hectáreas
Property Ownership
Company owned
Specifications
123 hectares have been used for farming. 48 are planted in different stages with Serr variety walnut trees and 75 hectares are planted with Chandler variety walnut trees. Under normal availability conditions, water rights regulated in the respective Real Estate Registrar meet the farmland irrigation needs. The properties do not serve as collateral to guarantee any third-party financial obligations.
Processing Facilities
Location
San Bernardo, Metropolitan Region
Surface Area
0,5 hectáreas
Built Surface Area
0,23 hectares
Property Ownership
Company owned
Specifications
It has walnut hulling, drying, cracking, sorting and grading plants. These are manually packaged for sale.
Molymex S.A. de C.V.
Industrial Plant
Location
Cumpas, Sonora, Mexico
Surface Area
40.8 hectares of land with 11.3 hectares taken up by streets and landscaping.
Built Surface Area
692 m 2 of offices and 11.1 hectares of plants, warehouses and laboratories as well as administrative offices located in Hermosillo, Sonora.
Property Ownership
Company owned
Specifications
Roasting plant with an annual capacity of 29.3 million pounds of contained molybdenum, briquette plants and a concentrate conditioning plant capacity of 28 million pounds.
It has facilities for:
- Solvent extraction
- Neutralization
- Capture and treatment of process dust and gases
- Inertial and electrostatic dedusting
- Gas cleaning
- Sulfuric acid
- Chemical sampling and analysis
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Property for Project Development
Location
Cumpas, Sonora, Mexico
Surface Area
29,5 hectares
Property Ownership
Owned
Specifications
Owned property for industrial use
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Molymet Germany GmbH (formerly Chemiemetall GmbH)
Industrial Plant
Location
City of Bitterfeld-Wolfen, state of Sajonia-Anhalt, 30 km north of the city of Leipzig and 120 km south of Berlin, Germany.
Surface Area
2.7 hectares free of encumbrances, prohibitions and mortgages to guarantee third-party obligations.
Built Surface Area
9.000 m 2
Property Ownership
Company owned
Specifications
This plant is mainly used to produce molybdenum dioxide, metallic molybdenum powder and high-density metallic molybdenum powder.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Molymet Belgium N.V. (Formerly Sadaci N.V.)
Industrial Plant
Location
Industrial neighborhood at the port of Gante, Belgium.
Surface Area
26,2 hectares.
Built Surface Area
49.645 m 2
Property Ownership
Company owned
Specifications
Roasting plant with an annual production capacity of 35 million pounds.
The real estate and assets in general do not serve as collateral to guarantee any third-party financial obligations.
Corporate Structure
Subsidiaries, Associates and Investments in Other Companies
COMPANY NAME
Molymex S.A. de C.V.
LEGAL STATUS
Variable capital corporation founded in Mexico on May 30, 1979.
ADDRESS
Moctezuma - Nacozari De García, Cumpas, Sonora, México.
CORPORATE PURPOSE
Manufacturing, blending, purchase and sale and industrialization of all types of chemical products and substances, mainly sulfurs and oxides, excluding basic petrochemicals.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 24.560
MOLYMET'S INTEREST
Direct:
99,999%Indirect:
0,001%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
6,0596%
BOARD AND GENERAL MANAGER
Chairman: John Graell Moore Board Members: Claudia Avendaño Rozas, Gonzalo Bascuñán Obach, Adolfo Carvajal G., Gonzalo Concha Parada, Miguel Dunay Osses, María Inés Gómez González, Edgar Pape Arellano, Jorge Ramírez Gossler, Juan Cristóbal Valenzuela Bejares. General Manager: Alfredo Ortega Terán.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
John Graell Moore (CEO), Claudia Avendaño Rozas (Vice President of Corporate Compliance and Risk), Gonzalo Bascuñán Osses (Vice President of Sales and Market Development Gonzalo Concha Parada (Vice President of Engineering), Miguel Dunay Osses (Vice President of Corporate and Legal Affairs), María Inés Gómez González (Vice President of Corporate Human Resources and Communications), Edgar Pape Arellano (Vice President of Americas Operations), Jorge Ramírez Gossler (Vice President of Corporate Administration and Finance), Juan Cristóbal Valenzuela Béjares (Vice President of Corporate Strategic Management, Technology and DX).
BUSINESS RELATIONSHIP WITH MOLYMET
Payments, fund remittances, product purchase and sales, management services (financial, commercial and systems).
AGREEMENTS AND CONTRACTS WITH MOLYMET
There are purchase and sales contracts for raw materials and finished products and the provision of services that are valued at market prices.
COMPANY NAME
Carbomet Industrial S.A.
LEGAL STATUS
Private corporation founded in Chile.
CORPORATE PURPOSE
Molymet investment company, provision of facilities and administrative office rental services to Molymet Group companies.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 16.338
MOLYMET'S INTEREST
Direct:
99,989482%Indirect:
-PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
1,7298%
BOARD AND GENERAL MANAGER
Chairman: Jorge Ramírez G. Board Members: Claudia Avendaño Rozas, Edgar Pape Arellano.
General Manager: Jerónimo Soffia Errázuriz
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Claudia Avendaño Rozas (Vice President of Corporate Compliance and Risk), Edgar Pape Arellano (Vice President of Americas Operations), Jorge Ramírez Gossler (Vice President of Corporate Administration and Finance).
BUSINESS RELATIONSHIP WITH MOLYMET
Administrative and financial services, rentals.
AGREEMENTS AND CONTRACTS WITH MOLYMET
The transactions made with the subsidiary Carbomet Industrial S.A. have been made at market values and do not significantly influence the parent company’s operations and results.
COMPANY NAME
Carbomet Energía S.A.
LEGAL STATUS
Private corporation founded in Chile.
CORPORATE PURPOSE
Production, sale and distribution of electric energy and other acts related to said activities.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 626
MOLYMET'S INTEREST
Direct:
52,763385%Indirect:
-PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
0,1252%
BOARD AND GENERAL MANAGER
Chairman: John Graell Moore Board Members: Claudia Avendaño Rozas, Miguel Dunay Osses, Edinson Román M., Juan Cristóbal Valenzuela Bejares.
General Manager: Carlos Pinto Fornés.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
John Graell Moore (CEO), Claudia Avendaño Rozas (Vice President of Corporate Compliance and Risk), Miguel Dunay Osses (Vice President of Corporate and Legal Affairs), Juan Cristóbal Valenzuela Bejares (Vice President of Corporate Strategic Management, Technology and DX).
BUSINESS RELATIONSHIP WITH MOLYMET
Purchase of energy and administrative financial services
AGREEMENTS AND CONTRACTS WITH MOLYMET
The transactions made with the subsidiary Carbomet Energía S.A. have been made at market values and do not significantly influence the parent company’s operations and results.
COMPANY NAME
Inmobiliaria San Bernardo S.A.
LEGAL STATUS
Private corporation founded in Chile.
CORPORATE PURPOSE
Performance of all manner of investments in real estate or tangible or intangible assets on its own or for third parties, commercial or real estate operations on rural or urban properties on its own or for third parties and the management of said properties, the construction of all types of homes, buildings and civil projects, and the creation and integration of partnerships, companies, associations or corporations of any nature. In addition, the company produces and sells walnuts with added value. The walnuts are harvested in April and May of each year and then cleaned, dried and hulled and finally sold abroad. Furthermore, the management and development of commercial, communications, identity support and corporate and strategic image activities, environmental promotion and protection activities, maintenance of green spaces, activities oriented towards contributing to the ongoing and long-term sustainability of third-party operations and contribution to sustainable brand development.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 46.394
MOLYMET'S INTEREST
Direct:
93,467896%Indirect:
6,487342%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
3,1558%
BOARD AND GENERAL MANAGER
Chairman: John Graell Moore Board Members: Claudia Avendaño Rozas and Miguel Dunay Osses. General Manager: Carlos Pinto Fornés.
DTHE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
John Graell Moore (CEO), Claudia Avendaño Rozas (Vice President of Corporate Compliance and Risk), Miguel Dunay Osses (Vice President of Corporate and Legal Affairs).
BUSINESS RELATIONSHIP WITH MOLYMET
Commercial operations correspond to the rental of real estate, payments made to suppliers by the parent company on behalf of the subsidiary, the provision of services and the provision of administrative financial services.
AGREEMENTS AND CONTRACTS WITH MOLYMET
The transactions made with the subsidiary Inmobiliaria San Bernardo S.A. have been made at market value and do not significantly influence the parent company’s operations and results.
COMPANY NAME
Strategic Metals B.V.B.A
LEGAL STATUS
Corporation founded in Belgium.
CORPORATE PURPOSE
The purchase and sale of all types of minerals.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 74.326
MOLYMET'S INTEREST
Direct:
99,9999%Indirect:
0,0001%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
13,1559%
BOARD AND GENERAL MANAGER
Chairman: Jorge Ramírez G. Board Members: Claudia Avendaño Rozas, Jerónimo Soffia Errázuriz. Andrés Ovalle Montero; Fortis InterTrust (Belgium) NV/SA.
General Manager: Fortis InterTrust (Belgium) NV/SA.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Claudia Avendaño Rozas (Vice President of Corporate Compliance and Risk), Jorge Ramírez Gossler (Vice President of Corporate Administration and Finance), Jerónimo Soffia Errázuriz (Corporate Administration and Finance Manager) and Andrés Ovalle Montero (Corporate Financial Operation Manager)
BUSINESS RELATIONSHIP WITH MOLYMET
Purchase and sale of products; fund remittances and checking account; financial payments.
AGREEMENTS AND CONTRACTS WITH MOLYMET
The purchase and sale of products is valued at market prices.
COMPANY NAME
Molymet Corporation
LEGAL STATUS
Corporation founded in the United States of America.
ADDRESS
130 S. Dadeland Blvd., Suite 1623, Miami, Florida 33156, United States
CORPORATE PURPOSE
To provide technical, commercial and investment services to Molymet.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 1.050
MOLYMET'S INTEREST
Direct:
99,950025%Indirect:
0,049975%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
0,1254%
BOARD AND GENERAL MANAGER
Chairman: Gonzalo Bascuñán Obach. Board Members: Mauricio Fernández Rodríguez, Arturo Verderau del Río.
General Manager: Diego Martin Lema.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Gonzalo Bascuñán Obach (Vice President of Sales and Market Development), Mauricio Fernández Rodríguez (Logistics Manager), Arturo Verderau del Río (Sales Manager - Americas).
BUSINESS RELATIONSHIP WITH MOLYMET
Sales commissions, payments made by Molymet Corporation; product sales; management services (financial and commercial).
AGREEMENTS AND CONTRACTS WITH MOLYMET
Molymet Corporation has representation contracts and/or Molymet sales agent contracts.
COMPANY NAME
MolymetNos S.A.
LEGAL STATUS
Private corporation founded in Chile
CORPORATE PURPOSE
Manufacture, acquisition or sale, importation, exportation, commission, consignment, representation, distribution and sale on its own or for others of molybdenum oxide, ammonium perrhenate and any other alloy or industrial product derived from minerals that contain molybdenum.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 20.020
MOLYMET'S INTEREST
Direct:
99%Indirect:
1%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
1,2419%
BOARD AND GENERAL MANAGER
John Graell Moore, Claudia Avendaño Rozas, María Inés Gómez González, Edgar Pape Arellano, Jorge Ramírez Gossler. General Manager: Daniel Ureta Vial.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
John Graell Moore (Presidente Ejecutivo), Claudia Avendaño Rozas (Vicepresidente de Cumplimiento y Riesgo), María Inés Gómez González (Vicepresidente Corporativo de Personas y Comunicaciones), Edgar Pape Arellano (Vicepresidente Operaciones América), Jorge Ramírez Gossler (Vicepresidente Corporativo de Administración y Finanzas).
BUSINESS RELATIONSHIP WITH MOLYMET
The commercial operations correspond to checking account payments and administrative financial services.
AGREEMENTS AND CONTRACTS WITH MOLYMET
As of December 31, 2021, there are no agreements or contracts signed with MolymetNos that could significantly impact Molymet's operations and results.
COMPANY NAME
Molymet Do Brasil Representações e Serviços LTDA.
LEGAL STATUS
Limited liability company founded in Brazil.
ADDRESS
Rua Amazonas 363, sala 43 São Caetano do Sul, Sao Paulo, Brazil
CORPORATE PURPOSE
Molymet Brazil acts as a representative and/or sales agent for Brazilian or foreign companies or entities in the sale of minerals in various forms, including but not limited to concentrates, alloys, metals and waste, market research for the development of new business related to the previous point, and participation in other simple or business type companies as a partner or shareholder.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 247
MOLYMET'S INTEREST
Direct:
90%Indirect:
10%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
0,0175%
BOARD AND GENERAL MANAGER
Chairman: Gonzalo Bascuñán Obach. Board Members: Mauricio Fernández Rodríguez, Arturo Verderau Del Río. General Manager: Carlos Villa
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Gonzalo Bascuñán Obach (Vice President of Commercial and Market Development), Mauricio Fernández Rodríguez (Logistics Manager), Arturo Verderau del Río (Sales Manager - Americas).
BUSINESS RELATIONSHIP WITH MOLYMET
The commercial operations correspond to sales commissions, payments made by Molymet Do Brasil and financial and sales management services.
AGREEMENTS AND CONTRACTS WITH MOLYMET
Molymet Brazil has representation contracts and/or Molymet sales agent contracts.
COMPANY NAME
Molymet Beijing Trading C.O., LTD. Beijing, China
LEGAL STATUS
Limited liability company founded in Beijing, China.
ADDRESS
Lucky Tower N° 3, North 3rd RE Road, Beijing 100027, China.
CORPORATE PURPOSE
Sale of mineral and metallic products within and outside China, sales and technological advising, importation of molybdenum and associated products and sales between producers and final consumers in China.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 350
MOLYMET'S DIRECT INTEREST
100%
PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
0,1106%
BOARD AND GENERAL MANAGER
Chairman: Gonzalo Bascuñán Obach. Board Members: Sebastián Friedl Uribe, Mario Lama Acosta. General Manager: Kevin Wang.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Gonzalo Bascuñán Obach (Vice President of Sales and Market Development), Sebastián Friedl Uribe (Sales Manager - Asia), Mario Lama Acosta (Market Development Manager).
BUSINESS RELATIONSHIP WITH MOLYMET
The commercial operations correspond to sales commissions and general financial and sales management services.
AGREEMENTS AND CONTRACTS WITH MOLYMET
Molymet Beijing has representation contracts and/or Molymet sales agent contracts.
COMPANY NAME
Complejo Industrial Molynor S.A.
LEGAL STATUS
Private corporation founded in Chile.
ADDRESS
Av. Prolongación Longitudinal 6400, Mejillones, Antofagasta
CORPORATE PURPOSE
Manufacturing, on its own or by third parties, of molybdenum oxide, ferro molybdenum, ammonium perrhenate and any other alloy or industrial product derived from minerals that contain molybdenum or that is present with it in its natural state or as a byproduct of other prior industrial processes, acquisition, sale, importation, exportation, commission, etc., as well as the acquisition of movable goods, especially technical equipment, machinery, products and supplies.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 144.756
MOLYMET'S DIRECT INTEREST
Direct:
93,780354%Indirect:
6,219646%PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
14,3811%
BOARD AND GENERAL MANAGER
Chairman: John Graell Moore Board Members: Gonzalo Bascuñán Obach, Claudia Avendaño Rozas, Luis Gonzalo Concha Parada, Miguel Dunay Osses, María Inés Gómez González, Edgar Pape Arellano, Jorge Ramírez Gossler, Juan Cristóbal Valenzuela Bejares. General Manager: Braulio Cid Díaz
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
John Graell Moore (CEO), Gonzalo Bascuñán Obach (Vice President of Sales and Market Development), Claudia Avendaño Rozas (Vice President of Compliance and Risk), Luis Gonzalo Concha Parada (Vice President of Engineering), Miguel Dunay Osses (Vice President of Corporate and Legal Affairs), María Inés Gómez González (Vice President of Corporate Human Resources and Communications), Edgar Pape Arellano (Vice President of Americas Operations), Jorge Ramírez Gossler (Vice President of Corporate Administration and Finance), Juan Cristóbal Valenzuela Bejares (Vice President of Corporate Strategic Management, Technology and DX).
BUSINESS RELATIONSHIP WITH MOLYMET
Purchase and sale of products, fund remittances and checking account payments, and administrative financial services.
AGREEMENTS AND CONTRACTS WITH MOLYMET
The purchase and sale of products is valued at market prices.
COMPANY NAME
Molymet Belgium N.V.
LEGAL STATUS
Corporation founded in Belgium.
ADDRESS
Langerbruggekaai 13, Gent, Belgium
CORPORATE PURPOSE
Operation, treatment, manufacture, transformation and sale on its own account or for third parties of raw materials, raw or finished products from the chemical, electrochemical, metallurgy, and electro-metallurgy industries or their derivatives including waste from these industries.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 40.328
MOLYMET'S INTEREST
Direct:
-Indirect:
99,999289%through the subsidiary Strategic Metals and 0,000711% through the subsidiary Carbomet Industrial S.A.
PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
Not applicable due to indirect interest.
BOARD AND GENERAL MANAGER
Chairman: John Graell Moore Board Members: Gonzalo Bascuñán Obach, Gonzalo Concha Parada, Nele Van Roey, Godfried Van Schuylenbergh. General Manager: Godfried Van Schuylenbergh.
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
John Graell Moore (CEO), Gonzalo Bascuñán Obach (Vice President of Sales and Market Development), Gonzalo Concha Parada (Vice President of Engineering).
BUSINESS RELATIONSHIP WITH MOLYMET
Purchase and sale of products, fund remittances, checking account payments, management services (financial, sales and technology).
AGREEMENTS AND CONTRACTS WITH MOLYMET
The purchase and sale of products is valued at market prices.
COMPANY NAME
Molymet Germany GmbH
LEGAL STATUS
Corporation founded in Germany.
ADDRESS
Niels-Bohr-Str. 5, Bitterfeld, Germany
CORPORATE PURPOSE
Production of all types of metals as well as their treatment and processing, including the production of metallic compounds, processed products, metallurgical products and raw materials and their sale in domestic and foreign markets.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 31
MOLYMET'S INTEREST
Direct:
-Indirect:
67,56%through the subsidiary Strategic Metals and 32,44% through the subsidiary Carbomet Industrial S.A.
PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
Not applicable due to indirect interest.
BOARD AND GENERAL MANAGER
Chairman: Godfried Van Schuylenbergh. Board Members: Gonzalo Bascuñán Obach, Henning Uhlenhut, Nele Van Roey, Juan Cristóbal Valenzuela Bejares, Plant Manager: Henning Uhlenhut
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Gonzalo Bascuñán Obach (Vice President of Commercial and Market Development), Juan Cristóbal Valenzuela Bejares (Vice President of Corporate Strategic Management, Technology and DX).
BUSINESS RELATIONSHIP WITH MOLYMET
Purchase and sale of products, fund remittances and checking account payments.
AGREEMENTS AND CONTRACTS WITH MOLYMET
The purchase and sale of products is valued at market prices.
COMPANY NAME
Molymet Services Ltd.
LEGAL STATUS
Corporation founded in England
ADDRESS
1 Milkhouse Gate, Guildford, Surrey, England
CORPORATE PURPOSE
Sale of molybdenum products and management of Molymet sales in Europe and India.
SUBSCRIBED AND PAID-IN CAPITAL
ThUS$ 86
MOLYMET'S INTEREST
Direct:
-Indirect:
100%through the subsidiary Strategic Metals BVBA.
PERCENTAGE OF MOLYMET'S ASSETS REPRESENTED BY INVESTMENT
-
BOARD AND GENERAL MANAGER
Chairman: Gonzalo Bascuñán Obach. Board Members: Samuel Baeza Cienfuegos, Arturo Verderau del Río, Sebastián Frield Uribe. General Manager: Javier Guevara Blanco
THE FOLLOWING INDIVIDUALS HOLD POSITIONS AT MOLYMET
Samuel Baeza Cienfuegos (Concentrate Procurement Manager), Gonzalo Bascuñán Obach (Vice President of Commercial and Market Development), Sebastián Friedl Uribe (Sales Manager - Asia), Arturo Verderau del Río (Sales Manager - Americas).
BUSINESS RELATIONSHIP WITH MOLYMET
Sales commissions, payments made by Molymet Services, product sales, financial and sales management services.
AGREEMENTS AND CONTRACTS WITH MOLYMET
Molymet Services Ltd. has representation contracts and/or Molymet sales agent contracts.
Related party transactions in 2021 are detailed in the notes to the financial statements.
Investments in other companies
To date, there are no companies in this category.
