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Reuters reported that Molycorp (NYSE:MCP) is planning to announce a rare earth discovery at an upcoming mining conference.
Reuters reported that Molycorp (NYSE:MCP) is planning to announce a rare earth discovery at an upcoming mining conference.
As quoted in the market news:
The new ore deposit, which is of heavier variety, is on land near Mountain Pass, California, near the Nevada border, where the company has been mining since the early 1950s and has regulatory approval to continue mining and refining for decades.