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Mining Weekly reported that Molymet will pay $390 million for a stake in Molycorp (NYSE:MCP).
Mining Weekly reported that Molymet will pay $390 million for a stake in Molycorp (NYSE:MCP).
As quoted in the market news:
That gets it a stake of around 13% in Molycorp, which said it would use the proceeds to “bolster strategic flexibility”, and that the funds would help it to pursue its vertical supply chain integration model.
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