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Molycorp, Inc.

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Case overview

Case Number:

1:15-bk-11357

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. March 29, 2016

    Del. Judge Goes Full Bore On Molycorp Ch. 11 Hearing

    A Delaware bankruptcy judge denied multiple calls to adjourn Tuesday's Chapter 11 plan confirmation hearing for rare earth miner Molycorp Inc., rejecting arguments that the company had ambushed regulators and some creditors with a last-minute deal to sell underground mineral assets in California.

  2. March 28, 2016

    Citing Key Pacts, Molycorp Sees Opening For Final Ch. 11 OK

    Saying it had reached a once-unthinkable peace with its major creditors, Molycorp Inc. moved toward the start of hearings in Delaware Tuesday on its Chapter 11 plan confirmation, while still seeking to settle a dispute over funds needed to reclaim its rare earth mine in California.

  3. March 25, 2016

    Molycorp Sells Calif. Mine's Mineral Rights To Creditors

    Bankrupt Molycorp Inc. announced an agreement late Friday to sell the mineral rights of its idled California rare earth mine to the company's high-interest noteholders, potentially ending one of a string of disputes facing the company on the eve of its Delaware Chapter 11 confirmation hearing.

  4. March 23, 2016

    Molycorp's Ch. 11 Plan Showered With Objections

    Myriad factions on Wednesday pelted Molycorp's Chapter 11 plan and a bid by its largest group of noteholders to force the rare earth miner to accept a sale offer or convert to a Chapter 7 liquidation, portending a tangled and contentious confirmation hearing scheduled for next week.

  5. March 17, 2016

    Molycorp Creditors Press To Buy Calif. Mineral Rights

    Molycorp Inc.'s largest noteholder group said in a court filing Thursday it has legal backing for its bid to carve off undisturbed rare earth mineral rights from the bankrupt company's California mine, and called for court approval of the deal or a Chapter 7 mine liquidation.

  6. March 11, 2016

    Molycorp Issues Revised Ch. 11 Plan With Unknowns, Risks

    Molycorp Inc. on Friday launched its rare earth mining and processing business toward an uncertain Delaware Chapter 11 vote and confirmation hearing later this month, releasing a revised reorganization plan that acknowledged major unknowns and potential objections.

  7. March 08, 2016

    Molycorp Seeks Ch. 11 Plan Rework After Bids Fall Short

    Bankrupt rare earth miner Molycorp Inc.'s Chapter 11 plan grew muddy as creditors and debtors feuded in Delaware Tuesday over both a fizzled asset sale and efforts to quickly revise public disclosures before a confirmation hearing on March 29.

  8. March 02, 2016

    Molycorp Gets Single Asset Bid, Cancels Del. Ch. 11 Auction

    Bankrupt rare earth mineral producer Molycorp Inc. on Wednesday canceled a planned Chapter 11 auction set for Friday, reporting in Delaware court that advance bidding produced a single offer in connection with its idled Mountain Pass mine in southeast California.

  9. February 23, 2016

    Molycorp Reports Breakthrough Settlement In $1.9B Ch. 11

    Bankrupt rare earth miner Molycorp Inc. outlined terms of a breakthrough settlement with most of its big creditors on Tuesday, setting the stage for a hearing and vote as early as next month on a sale or restructuring of the company and its $1.9 billion debt.

  10. February 17, 2016

    Del. Judge OKs New Oaktree Depositions For Molycorp Trial

    A Delaware bankruptcy judge declined Wednesday to shield two senior Oaktree Capital Management LP officials from questioning about the company's role in Molycorp Inc.'s business before and after its $1.9 billion Chapter 11 filing, turning aside objections about excessive pre-trial deposition requests.