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Court OKs Deal, Funds To Keep Molycorp Mine Out Of Ch. 7

By Jeff Montgomery ( April 13, 2016, 7:58 PM EDT) -- Last-minute compromises headed off a Chapter 7 liquidation order Wednesday in Delaware federal court for Molycorp Inc.'s troubled Mountain Pass, California, mine as the company, its creditors and its insurers agreed to stopgap funding and oversight that will keep the 2,200-acre site in a Chapter 11 "cold idle" for now....

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