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Molycorp Mine Guarantor Offers $5M Loan To Continue Ch. 11

By Jeff Montgomery (August 31, 2016, 7:32 PM EDT) -- An environmental hazard insurer for bankrupt Molycorp Minerals LLC's California mine has offered the company an up to $5 million, short-term bankruptcy loan, easing pressure on the trustee to seek liquidation or drop out of Chapter 11, court documents filed in Delaware on Wednesday show....

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