A Blog for Browsing Mining, Mineral Processing, and Metals Info

A battle is heating up for control of a bankrupt mine that is the only significant #US source of the #RareEarth elements used in advanced electronics and some defence applications.

A group led by a former nursing home operator and #Switzerland-based private equity fund will vie with a team of US hedge funds and a #Chinese rare earths company in an auction set to decide the fate of the bankrupt #Molycorp-owned mine on June 14.

Read more at: https://www.ft.com/content/2c3dea3e-3fc2-11e7-82b6-896b95f30f58