Deals
Molycorp Said to Begin Sale of Non-U.S. Assets in Bankruptcy
- Miner said to contact potential buyers in Asia and U.S.
- Assets said to include Chinese, Thai, Canadian facilities
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Molycorp Inc., the bankrupt rare-earths miner, has started marketing assets located outside the U.S. as creditors press the company to increase its valuation, according to two people with knowledge of the matter.
The company is distributing pitch books to prospective buyers in Asia and in the U.S., said the people, who asked not to be named because the process is private. A formal sales process may start as early as next week, the people said.