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Molycorp Minerals, LLC

  1. June 23, 2017

    $20.5M Ch. 11 Bid Approved For Molycorp Rare Earth Mine

    The nation's largest rare earth mine took a long but tentative step back from the dead Friday after receiving Delaware bankruptcy court approval of a $20.5 million cash deal for Molycorp Minerals LLC that also covered more than $100 million of potential environmental liabilities.

  2. June 22, 2017

    Molycorp Trustee Looks For Approval Of $20.5M Buyout Bid

    Pointing to an auction result 17 times higher than the minimum cash offer, a trustee for bankrupt Molycorp Minerals LLC is urging a Delaware judge to approve the rare earth mine site's $20.5 million sale to an investor group and set aside remaining objections.

  3. June 20, 2017

    Insurance Co. Objects To Molycorp Bidder's $20.5M Bid

    Westchester Fire Insurance Co. on Monday asked the Delaware bankruptcy court to modify the sales agreement for Molycorp Minerals LLC's idled California rare earth mine to require the buyer to replace the $18 million in surety bonds that Westchester has issued on the mine.

  4. June 15, 2017

    $20.5M Bid Tops Molycorp Auction, Beats Stalking Horse

    A bankruptcy auction battle produced a $20.5 million tentative winning cash bid for Molycorp Minerals LLC's idled California rare earth mine, company officials reported Thursday, in a disputed outcome that ended far above the company's initial $1.2 million stalking horse offer.

  5. June 13, 2017

    Permit Issues Plague Molycorp Mine Sale, Regulators Say

    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.

  6. May 15, 2017

    Molycorp Judge Nixes Credit Bid Objection In Ch. 11 Sale

    Saying that ample time remains for arguments between bidding and a sale, a Delaware bankruptcy judge put off a private equity challenge Monday to rules for the offer of secured creditor claims in bidding for Molycorp Minerals' California rare earth mine.

  7. May 10, 2017

    Fast Molycorp Injunction Action Denied As Sale Murk Grows

    A Delaware court declined Wednesday to expedite a challenge to a side deal in the upcoming sale of Molycorp Minerals' remaining bankruptcy assets, as new objections surfaced to increasingly tangled plans for winding up remains of what was once the nation's largest rare earth mine.

  8. April 25, 2017

    ERP Floats Bid Worth $100M For Molycorp's Rare Earth Mine

    Environmentalist Tom Clarke's ERP Strategic Minerals LLC put in a Chapter 11 stalking horse bid for Molycorp's long-mothballed Mountain Pass, California, rare earth mine, the nation's only major source of the minerals used for consumer electronics, at roughly $100 million when assumed liabilities are factored in, the company said Tuesday.

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