Molycorp Sees Sumitomo Deal Closing by September

Reuters Africa reported that Molycorp (NYSE:MCP) expects its deal with Sumitomo (TYO:8053) to close by September 2011.

The market news is quoted as saying:

“There’s very little doubt in my mind that the deal is very strong still between the two parties and that this deal will close,” Molycorp Chief Executive Mark Smith told Reuters.

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