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Molycorp reports $11.77 million operating loss for December
By Mark Reccek
Bethlehem, Pa., Feb. 2 – Molycorp, Inc. posted an $11.77 million operating loss for December on $15.61 million in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Molycorp reported a $12.7 million operating loss for November on $13.24 million in total revenue.
The company also had $57 million in cash and cash equivalents as of Dec. 31, up from $54.12 million at the end of November.
Molycorp is a Greenwood Village, Colo., producer of materials from rare earth minerals that filed for bankruptcy on June 25, 2015. The Chapter 11 case number is 15-11357.
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