Molycorp Cleared for Auction as `Monopoly Money' Fight Looms

By
Steven Church
  • Bankrupt rare-earths miner wins approval of bidding rules
  • Lower-ranking creditors to get more say in sale process

Molycorp Inc. won court permission to put itself up for auction in March, even as bondholders complain that Oaktree Capital Management LP is trying to take over the rare-earth mining company using “Monopoly money.”

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