Permit Issues Plague Molycorp Mine Sale, Regulators Say
Law360, New York (June 13, 2017, 9:00 PM EDT) -- A trio of federal agencies objected Tuesday to the proposed sale of a California mining enterprise owned by bankrupt Molycorp Minerals LLC, saying that permit issues need to be resolved before the transaction can be consummated.
In a limited objection, the U.S. Department of Justice opposed the sale on behalf of the Bureau of Land Management, the Federal Communications Commission and the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives, saying that permits relating to the Molycorp Mineral assets can't be transferred in a sale transaction.
The largest issue surrounds the sale of the Mountain Pass Mine in San Bernardino County,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!