What is not clear to me is whether those bondholders own mineral rights only or both mineral/plant in Mt. Pass.
If not, who owns the plant?
Per Law360, "A group of the company’s high-interest noteholder later won approval to buy the mine’s mineral assets in exchange for a $1 million reduction in claims against the Chapter 11 estate. The noteholder group said later that a foreign interest had expressed early interest in the mine, but had not provided a qualifying bid."
and "A Delaware bankruptcy judge sent Molycorp Inc.’s rare earth mine into its own Chapter 11 Monday, severing the idled Mountain Pass, California, site from an already-confirmed plan that restructured the rest of the company and jettisoned most of its $1.7 billion debt.
Judge Christopher S. Sontchi approved the change as Molycorp’s largest creditors continue to work out settlement terms for the mineral company’s surviving national and foreign “Neo” operations.
Spinoffs also include a company that now owns undeveloped mineral rights beneath and around the 2,200-acre California mine, although disputes over terms of that deal already have landed in U.S. District Court."
a company ??
