Long Tail

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.

Click here to read the full Mining Weekly report.

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