On Monday, Reuters reported that Molycorp’s (OTCMKTS:MCPIQ) plan to exit bankruptcy has been accused of being a “sham bidding process,” weighted in favour of its senior lender Oaktree Capital Management.
As quoted in the publication:
Molycorp’s official committee of unsecured creditors in redacted court papers filed on Wednesday said the company’s disclosure statement and plan were not proposed in good faith and were linked to “a sham bidding process.”
Analysts say American Lithium‘s (TSXV: LI; NASDAQ: AMLI) Tonopah project in Nevada could run at world-beating costs based on a new study including the sale of by-product magnesium. The operating cost of the Tonopah Lithium Claims (TLC) project, about 340 km no … Read More
Concern is growing over the federal government’s seeming inability to leverage Canada’s vast natural resource endowment as it navigates the uncertain global geopolitical and economic landscape, an industry event in Vancouver heard this week. Besides examining … Read More
Copper price retreated on Wednesday as weak demand offsetted speculative bets that the end of covid Zero will reignite growth. Copper for delivery in March fell on the Comex market in New York, touching $4.11 per pound ($9,042 per tonne), down 2.7% compared … Read More
Designing and Fabricating Solutions For You Since 1979
Designing and Fabricating Solutions For You Since 1979
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