Molycorp’s Phoenix may rise from the ashes

By Laura Syrett
Published: Wednesday, 29 August 2012

Troubled rare earths miner opens California facility; shares rally 5%

US rare earths miner Molycorp Inc. has started operations at its Project Phoenix facility in Mountain Pass, south-east California.

Project Phoenix will produce heavy rare earth concentrate from ore mined at the Mountain Pass site, which will be processed at Molycorp’s integrated processing facilities.

“We remain on track...

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