SUGAR LAND, TX — (Marketwire) — 03/12/12 — Researched by Industrial Info Resources (Sugar Land, Texas) — U.S. rare earth miner (NYSE:MCP) (Greenwood Village, Colorado) has announced plans to acquire Canadian rare earth processor (TSX:NEM) (Toronto, Ontario) in a $1.3 billion deal. The transaction broadens Molycorp-s position as a vertically integrated company, responsible not only for rare earth production from the company-s flagship Mountain Pass mine in California, but also the development and distribution of rare earth products.
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