Molymet Puts Funds into US Unit

Chile’s Molibdenos y Metales (Molymet) has put $90m in additional equity into US-based Molycorp, it says, and has bought $20m of its bonds. The Chilean metals processor bought 15m Molycorp shares at $6.00 each. It also bought 2018 bonds paying 5.5%. The Chilean is using its own funds for the purchase, and now owns 20% of Molycorp.