A near-final chapter closed Tuesday in the bankruptcy of America's only big rare earth producer, with a Delaware court confirming a $24.7 million liquidation plan for Molycorp Minerals LLC's idled California mine site and other left-behind assets.

Judge Christopher S. Sontchi approved Molycorp’s Chapter 11 liquidation after a series of settlements with and among creditors who had been battling over the business since parent company Molycorp Inc.'s initial Chapter 11 in June 2015.

Molycorp Minerals LLC Trustee Paul E. Harner is represented by Tobey M. Daluz, Matthew G. Summers, Leslie C. Heilman, Laurel D. Roglen and Vincent J. Marriott III of Ballard Spahr.

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