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Molycorp posts $16.48 million operating loss for month ended July 31
By Caroline Salls
Pittsburgh, Aug. 31 – Molycorp, Inc. reported a $16.48 million operating loss for July on $15.82 million in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
The company had $43.76 million in cash and cash equivalents as of July 31.
Molycorp is a Greenwood Village, Colo., producer of materials from rare earth minerals that filed for bankruptcy on June 25. The Chapter 11 case number is 15-11357.
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