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Molycorp marks $11.17 million January operating loss; revenue falls
By Caroline Salls
Pittsburgh, Feb. 29 – Molycorp, Inc. posted an $11.17 million operating loss for January on $12.74 million in revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Molycorp reported an $11.77 million operating loss for December on $15.61 million in total revenue.
The company also had $4.11 million in cash and cash equivalents as of Jan. 31, down from $57 million at the end of December.
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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