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For the latest figures, view the 2014 Supplement to the Annual Report (5.9 MB).

Chevron, through its subsidiary Chevron Mining Inc., owns a molybdenum mine in Questa, New Mexico. Molybdenum is primarily used to strengthen steel. In 2014, the mine permanently shut down operations because it was no longer economically feasible. Although mining operations have ceased, we are committed to fulfilling our regulatory obligations for remediation and reclamation of the mine and tailing sites.

On the tailing site of the Questa mine, Chevron Mining and Chevron Technology Ventures began operating a 1-megawatt concentrating solar photovoltaic facility in 2011. The demonstration project generates enough electricity to power 300 homes.

Protecting people and the environment is one of Chevron's core values. Chevron Mining joins other major mining companies and the New Mexico Mining Association in sharing safety processes and procedures. The initiative seeks to create a systematic, industrywide approach to health and safety management across the mining industry.

Updated: March 2015

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