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Molycorp Inc

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  • MELBOURNE, June 2- Shares in Australia's Alkane Resources rallied on Tuesday after it moved a step closer to starting work on a A $1 billion rare earths and exotic metals project. Alkane, principally a gold producer, won approval from the state of New South Wales to build the Dubbo Zirconia Project, which aims to churn out zirconium, hafnium, niobium, yttrium and...

  • *Intel falls on Altera buy, weighs on S&P, Nasdaq. June 1- U.S. stock were choppy in early trading, giving up their gains from a strong opening, as investors digested a slew of data that sent a mixed picture on the pace of the economy's recovery. Boston Fed President Eric Rosengren said Monday that he would like to begin raising rates as soon as possible, but risks from the...

  • June 1- Molycorp Inc said it missed a $32.5 million interest payment on its senior secured notes, heightening concerns that the struggling rare earths miner could file for bankruptcy before the end of the month. Molycorp's shares fell as much as 21 percent in early trading. Molycorp, which reported a loss for the thirteenth straight quarter last month, had warned...

  • Molycorp has a 30- day grace period to make the payment, after which it would be considered in default, the company said on Monday. Molycorp, which posted its thirteenth consecutive quarterly loss last month, had warned its annual report in March that it might not have enough money to stay afloat if its debt restructuring efforts failed. Missing the loan repayment...

  • *Intel to buy Altera for $16.7 bln. June 1- Wall Street was set to open higher on the first day of the month, helped by an almost five percent rally in Chinese stock markets and ahead of a string of domestic economic data. "It's the first day of the month and news out of China is bullish," said Andrew Barber, chief market strategist at Eagleview Capital in Delaware.

  • June 1- U.S. stock index futures were higher on Monday, after closing down the previous week, as investors focused on the bright spots in China's factory activity data and ahead of a string of domestic economic data. *Intel shares were up 0.6 percent at $34.68 in premarket trading on reports that the company was nearing a deal to buy programmable-chip maker Altera.

  • March 17- Molycorp Inc lost about a third of its market value on Tuesday after its auditor raised "substantial doubt" about the rare earths miner's ability to stay in business, putting the United States' only domestic supply of the technology metals at risk. "We have incurred, and continue to incur, operating losses," Molycorp said in its annual report.

  • March 17- Molycorp Inc's shares fell 14 percent in premarket trading on Tuesday after the rare earths miner's auditor raised doubts about its ability to continue as a "going concern" and the company posted a loss for the twelfth quarter in a row. Molycorp said on Monday it had engaged financial and other advisers to restructure its debt, but may not have enough...

  • March 17- Molycorp Inc's shares were set to open lower on Tuesday after the rare earths miner's auditor raised doubts about its ability to continue as a "going concern" and the company posted a net loss for the twelfth quarter in a row. Molycorp said it had engaged financial and other advisers to restructure its debt, but may not have enough money to stay afloat if the...

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