NEW YORK The
Securities and Exchange Commission (SEC) has recommended that
no enforcement action be taken against rare earths miner
Molycorp Inc. following an investigation into the
companys public disclosures.
Some analysts had tied
the departure of chief executive officer Mark Smith late last
year to the investigation, which was opened in August (
amm.com, Dec. 12).
A private class-action lawsuit accusing the Greenwood
Village, Colo.-based company of violating the Securities
Exchange Act remains unresolved, a company spokesman said in an