30 September 2009

Molymet Says Chile Plant Operations Normal After Fire

By James Attwood and Nathan Gill
Sept. 30 (Bloomberg) -- Molibdenos y Metales SA, the world’s largest molybdenum processor, said a plant near Santiago is operating normally after a fire broke out this morning.

Industrial installations at the San Bernardo plant weren’t damaged and no one was injured in the blaze, the Santiago-based company, known as Molymet, said today in an e-mailed statement.

The cause of the fire, which broke out at 4:30 a.m. local time, isn’t known, Molymet said. Chile’s emergency service, known as Onemi, said in a statement on its Web site that the blaze may have been caused by paraffin.

Molymet was unchanged at 7,501 pesos in Santiago trading at 11:37 a.m. New York time.