Segment Information (Tables)

3 Months Ended

Mar. 31, 2012

Segment Information

Schedule of segment information

Three Months Ended March 31, 2012 (In thousands)	Molycorp Mountain Pass			Molycorp Silmet			MMA			Other(a)			Eliminations(b)			Total Molycorp, Inc.
Sales:
External	$	44,478		$	21,036		$	18,956		$	—		$	—		$	84,470
Intersegment		1,832			3,210			—						(5,042	)		—
Total sales		46,310			24,246			18,956
Cost of goods sold		(18,846	)		(34,774	)		(18,632	)		—			18,809			(53,443	)
Selling, general and administrative expenses		(29,079	)		(1,714	)		(457	)		(273	)		309			(31,214	)
Depreciation, amortization and accretion expense		(334	)		—			—			(24	)		—			(358	)
Operating (loss) income		(1,949	)		(12,242	)		(133	)		(297	)		14,076			(545	)
Other (expense) income		(6,444	)		1,579			(4	)		(20	)		—			(4,889	)
Loss before income taxes and equity earnings	$	(8,393	)	$	(10,663	)	$	(137	)	$	(317	)	$	14,076		$	(5,434	)
Total assets at March 31, 2012	$	1,675,653		$	100,499		$	24,313		$	630		$	(112,342	)	$	1,688,753
Capital expenditures (accrual basis excluding capitalized interest)	$	259,438		$	2,501		$	100		$	—		$	—		$	262,039

(a)

Includes expenses incurred by and capital invested in the sales office in Tokyo, Japan.

(b)

The $112,342 of total assets eliminations is comprised of $98,883 of intercompany investments and $13,459 of intercompany accounts receivable and profits in inventory. The $18,809 cost of goods sold elimination amount includes elimination of the intercompany gross profits as well as elimination of lower of cost or market adjustments related to the intercompany inventory.