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Molycorp marks $11.82 million February operating loss; revenue falls
By Caroline Salls
Pittsburgh, March 31 – Molycorp, Inc. posted an $11.82 million operating loss for February on $10.84 million in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Molycorp reported an $11.17 million operating loss for January on $12.74 million in revenue.
The company also had $54.64 million in cash and cash equivalents as of Feb. 29.
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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