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This edit request by an editor with a conflict of interest has now been answered. |
Hi there, I work with MP Materials and would like to propose some changes to this Wikipedia page. Can an independent editor please review these suggested edits? Except for the Infobox, all the requests for new text are shaded in green. I begin each request by specifying the text to be changed or removed, as instructed at WP: EDITXY, then give the requested language. I appreciate your review. Thank you!
REQUEST ONE
Please update the Infobox so it a) deletes old PRODUCTION figures and updates with new production figures (newly sourced); b) deletes old NUMBER OF EMPLOYEES and updates NUMBER OF EMPLOYEES and NUMBER OF EMPLOYEES YEAR (newly sourced); c) adds an additional major OWNER (James Litinsky) since he is the third largest shareholder at present. (newly sourced). Here is the exact language and citations for these specific fields in the INFOBOX.
| production = 38,500 tonnes
[1]
| owner = JHL Capital Group
[2]
QVT Financial LP
James Litinsky
Shenghe Resources
| num_employees = 350
| num_employees_year = 2021 [3]
Part of an edit requested by an editor with a conflict of interest has been implemented. |
REQUEST TWO
In the lead, please delete the current second and third sentences:
MP Materials is majority-owned to 51.8% by hedge funds JHL Capital Group (and its CEO James Litinsky) and QVT Financial LP, while Shenghe Resources Holding Co. Ltd., a partially state-owned enterprise of the Government of China, holds an 8.0% stake. [4] [5] [6] [7] Apart from institutions, the public owns 18%. [4]
AND INSTEAD ADD THE FOLLOWING AS THE LAST SENTENCE TO THE LEAD:
As of February 2021, about 8% of the company was owned by Shenghe Resources, a partially state-owned Chinese company. [8]
Reason: These changes make the page consistent with best practices for company articles. Of the
WP:GA articles about public companies, which can be used as models because they are GA, few have anything about owners/investors of the company in the lead (see
UBS
Public Storage,
Nokian Tyres,
Mandarake, and
Apollo Global Management), and none have the exact percentages of all the current major investors/owners in the lead. One or more owners/investors might be mentioned but only as part of a noteworthy event receiving news coverage, such as a takeover or the founding of the company. Examples GAs include:
Chuck E. Cheese,
Hochtief,
Yelp. In this case, there is reliable source coverage of the ownership stake of Shenghe Resources (as discussed in the main article) so I propose keeping Shenghe in the lead as its new final sentence. This placement of the sentence at the end of the paragraph allows the lead to read consistently with the best practices format for the lead of public company GAs (about what the company does).
Since the Quartz article cited here is behind a paywall, here is the relevant excerpt of that article:
“Hu’s speech came the same year Shenghe made one of its most significant overseas investments. It has an 8% stake in MP Materials, an American company that operates the only active rare earths mine in the US. The California mine, Mountain Pass, was bought out of insolvency in 2017 by a rescue consortium that included Shenghe—and secured the Chinese company rights to Mountain Pass’s output.”
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST THREE
In the History section, please REWRITE the first paragraph from:
In 2015, JHL Capital Group, a Chicago-based investment firm founded by James Litinsky, acquired a controlling secured debt position in the Mountain Pass Mine and processing facilities while the assets were in bankruptcy. [9] In May 2017, JHL Capital Group led the creditor group that acquired the mineral rights to the Mountain Pass Mine out of bankruptcy via the formation of a special-purpose acquisition company called Secure Natural Resources (SNR). [10] Also, later in 2017, in a partnership with QVT Financial, JHL Capital Group formed MP Mine Operations (MPMO) (dba MP Materials) to acquire the Mountain Pass Mine and operating facilities as well as other assets on the site that were owned by Oaktree, another bankruptcy creditor. [11] At the time, Mountain Pass was in a state of “care and maintenance” and had only eight employees, according to Litinsky. [3]
TO:
In 2015, Molycorp, the previous owners of the Mountain Pass mine, filed for bankruptcy. At the time, it was the only U.S. producer of rare earth elements. [12] While in bankruptcy, Secure Natural Resources (SNR), a company owned by Molycorp’s creditors, including JHL Capital Group, gained control of the mine’s mineral rights. [13] In June 2017, the Mountain Pass mine was purchased at auction for $20.5 million by a new entity called MP Mine Operations LLC (MPMO). [14] MPMO was a consortium formed principally by JHL Capital Group, a Chicago-based investment firm led by James Litinsky, along with QVT Financial LP and Shenghe Resources. [3] Shenghe, a partially state-owned Chinese company, held a minority, non-voting interest. [15]
Reason: Clarifies and corrects the history of the creation of MP Materials. Uses sources from articles from The Wall Street Journal and The Las Vegas Review-Journal to detail how MP Materials came into existence. The sources for these sentences as they are presently on Wikipedia are from a press release and a government document.
Since the WSJ articles are behind a paywall, here are the relevant sentences:
“Molycorp Inc. filed for protection from creditors, becoming the biggest corporate failure in a bleak year for miners hit by slumping commodity prices and waning demand from their biggest customer, China. The Greenwood Village, Colo., company, the sole U.S. miner and producer of rare earth elements, said on Thursday it had secured an agreement with creditors to restructure its $1.7 billion in debt, and obtained $225 million in new financing to continue operations. It expects to have a court-approved restructuring plan by the end of the year.”
“California’s Mountain Pass mine, the sole significant developed source for crucial rare earths electronics elements in the U.S., is destined to go on the auction block in March, according to papers filed Tuesday in the U.S. Bankruptcy Court in Wilmington, Del. Up for sale is land and some equipment at the mine, according to court papers. Mineral rights at the site belong to an entity called Secured Natural Resources LLC, which is owned by creditors of the mine’s former owner, Molycorp Inc., including JHL Capital Group LLC.”
“Less than a year after the bankruptcy trustee threatened to have Mountain Pass mine’s case dismissed, it is to be sold for $20.5 million, a price that Judge Christopher Friday’s court hearing in Wilmington, Del., called ‘an excellent result’ for an asset that had proved tough to sell.”
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST FOUR
In the second paragraph of the History section, please DELETE the following sentence:
“The transaction, which closed on November 17, 2020, raised $545 million to fund its three-stage business to create a vertically integrated rare earth magnet supply-chain in the United States.”
REPLACE WITH:
The transaction, which closed on November 17, 2020, raised $545 million. [16]
‘’Reason’’: Existing version of this sentence is based on a press release, which does not conform to the WP:RS policy guidelines for acceptable sources. This version also removes extraneous detail not present in the new secondary source.
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST FIVE
In the section ‘Mountain Pass mine’, please change the sentence that begins:
“MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,000 tonnes in 2020...”
TO:
MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,500 tonnes in 2020, or more than 15% of global production. [1]
Reason: The actual amount of rare earth removed in 2020 is inaccurate on Wikipedia (should be 38,500.) Note that I have added a secondary source and removed the primary source as the citation. The secondary source is correct and preferred.
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST SIX
In the section ‘History’, subsection ‘Mountain Pass mine’, please REWRITE the last sentence from:
Shenghe Resources is the sole buyer of MP Materials' rare earth concentrate. [17]
TO:
As of late 2020, Shenghe Resources was the sole purchaser of MP Material’s rare earth concentrate. [18] [19]
Reason: Sets a date for this statement so it doesn’t sound perennial. The first source says “currently” and the second source, a redundant PRIMARY given for research purposes, also says that MP “currently rel[ies]” on Shenghe. (page 9).
Here’s the relevant text from the Quartz article (which is paywalled):
“The California mine, Mountain Pass, was bought out of insolvency in 2017 by a rescue consortium that included Shenghe—and secured the Chinese company rights to Mountain Pass’s output. According to MP’s listing prospectus filed last October, Shenghe is currently the firm’s principle source of revenues as the sole buyer of MP’s rare earth concentrate, which Shenghe sends to China for processing.”
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST SEVEN
In the section “ ‘U.S. government contracts’, please replace:
“Following that award, on November 17, 2020, the Department of Defense announced that MP Materials was awarded a Defense Production Act Title III technology investment agreement, which includes a $9.6 million contribution to the company’s Stage II optimization plan to establish domestic processing capabilities for light rare earth elements.”
WITH:
In November 2020, the United States Department of Defense awarded MP Materials $9.6 million as part of a government effort to increase domestic production of rare earth materials. [20] [21]
Reason: The current sentence is sourced only to a press release from the DOD. The replacement statement is sourced with an acceptable WP: RS.
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST EIGHT
In the section ‘U.S. government contracts’, please add a second paragraph:
MP Materials received $3 million in funding from the United States Department of Energy in 2021 [3] to design and study the feasibility of a system to produce rare earth oxides and metals from coal by-products in collaboration with the University of Kentucky. [22]
Reason: Describes a significant government grant (sourced to The Las Vegas Review-Journal, a reliable mainstream source) to study turning a fossil fuel byproduct into a valuable commodity. Government-funded research is a noteworthy event in the company’s history.
Thanks for your review.
Tmy350 (
talk) 18:35, 20 August 2021 (UTC)
'Note: I’d ask that the initial “Not Done” here be given no weight. Quetstar has now bowed out of working on all REs, after an editor complained that they rejected virtually all REs with little rationale or explanation, Quetstar said "I admit I've gone overboard with my responses and rash attitude. I am going to take a break from this, as COI requests have been consuming my patience.". Wikipedia_talk:Edit_requests#Issues with editor reviewing Requested Edits). Tmy350 ( talk) 00:07, 3 December 2021 (UTC)
References
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This edit request by an editor with a conflict of interest has now been answered. |
Hi, I have other suggestions to update this article. I have a conflict of interest as an employee of the company, as disclosed above. Here are my suggestions. @ Spencer: Since you are already familiar with this article from the last round of RE reviews, I was wondering if you might be interested in taking a look at these requested edits.
REQUEST ONE
In the History section, please add a new paragraph after the third paragraph (just above the “Mountain Pass mine” subsection):
In December 2021, MP Materials signed a long-term agreement with General Motors to provide neodymium-iron-boron magnets for use in GM electric vehicle motors. [1] As part of the contract, MP Materials also agreed to provide alloy and finished magnets to GM for its electric vehicles [2] and to open a new factory located in Fort Worth, Texas to produce the magnets. [3]
Reason: This development received substantial business press coverage in high-quality sources.
REQUEST TWO
In the History section, please add the following new paragraph just above the “Mountain Pass mine” subsection:
In February 2022, President Joe Biden announced at a press conference that the United States Department of Defense was investing $35 million into MP Materials as part of an effort to spur domestic rare earth production in the United States. [4] [5] Biden said that this move was designed to reduce America’s almost 100% reliance on rare earth minerals imported from other countries. [6] [7] The Biden Administration said the federal funding is earmarked to assist the company to develop a new commercial facility for “heavy” rare earth mineral processing. [5]
Reason: This development was important enough news that President Biden announced it personally at a press conference. It received substantial press coverage in quality reliable sources.
REQUEST THREE
In the History section, “Mountain Pass mine” subsection, please add the following photo by pasting the following code directly below the subsection title:
Reason: This photo of the Mountain Pass mine can give readers additional visual context to augment the discussion of the mine in the text of this subsection.
Thanks very much for your consideration. Tmy350 ( talk) 19:24, 1 March 2022 (UTC)
References
This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | |||||||||||||||||||||||||||||||||||
|
This edit request by an editor with a conflict of interest has now been answered. |
Hi there, I work with MP Materials and would like to propose some changes to this Wikipedia page. Can an independent editor please review these suggested edits? Except for the Infobox, all the requests for new text are shaded in green. I begin each request by specifying the text to be changed or removed, as instructed at WP: EDITXY, then give the requested language. I appreciate your review. Thank you!
REQUEST ONE
Please update the Infobox so it a) deletes old PRODUCTION figures and updates with new production figures (newly sourced); b) deletes old NUMBER OF EMPLOYEES and updates NUMBER OF EMPLOYEES and NUMBER OF EMPLOYEES YEAR (newly sourced); c) adds an additional major OWNER (James Litinsky) since he is the third largest shareholder at present. (newly sourced). Here is the exact language and citations for these specific fields in the INFOBOX.
| production = 38,500 tonnes
[1]
| owner = JHL Capital Group
[2]
QVT Financial LP
James Litinsky
Shenghe Resources
| num_employees = 350
| num_employees_year = 2021 [3]
Part of an edit requested by an editor with a conflict of interest has been implemented. |
REQUEST TWO
In the lead, please delete the current second and third sentences:
MP Materials is majority-owned to 51.8% by hedge funds JHL Capital Group (and its CEO James Litinsky) and QVT Financial LP, while Shenghe Resources Holding Co. Ltd., a partially state-owned enterprise of the Government of China, holds an 8.0% stake. [4] [5] [6] [7] Apart from institutions, the public owns 18%. [4]
AND INSTEAD ADD THE FOLLOWING AS THE LAST SENTENCE TO THE LEAD:
As of February 2021, about 8% of the company was owned by Shenghe Resources, a partially state-owned Chinese company. [8]
Reason: These changes make the page consistent with best practices for company articles. Of the
WP:GA articles about public companies, which can be used as models because they are GA, few have anything about owners/investors of the company in the lead (see
UBS
Public Storage,
Nokian Tyres,
Mandarake, and
Apollo Global Management), and none have the exact percentages of all the current major investors/owners in the lead. One or more owners/investors might be mentioned but only as part of a noteworthy event receiving news coverage, such as a takeover or the founding of the company. Examples GAs include:
Chuck E. Cheese,
Hochtief,
Yelp. In this case, there is reliable source coverage of the ownership stake of Shenghe Resources (as discussed in the main article) so I propose keeping Shenghe in the lead as its new final sentence. This placement of the sentence at the end of the paragraph allows the lead to read consistently with the best practices format for the lead of public company GAs (about what the company does).
Since the Quartz article cited here is behind a paywall, here is the relevant excerpt of that article:
“Hu’s speech came the same year Shenghe made one of its most significant overseas investments. It has an 8% stake in MP Materials, an American company that operates the only active rare earths mine in the US. The California mine, Mountain Pass, was bought out of insolvency in 2017 by a rescue consortium that included Shenghe—and secured the Chinese company rights to Mountain Pass’s output.”
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST THREE
In the History section, please REWRITE the first paragraph from:
In 2015, JHL Capital Group, a Chicago-based investment firm founded by James Litinsky, acquired a controlling secured debt position in the Mountain Pass Mine and processing facilities while the assets were in bankruptcy. [9] In May 2017, JHL Capital Group led the creditor group that acquired the mineral rights to the Mountain Pass Mine out of bankruptcy via the formation of a special-purpose acquisition company called Secure Natural Resources (SNR). [10] Also, later in 2017, in a partnership with QVT Financial, JHL Capital Group formed MP Mine Operations (MPMO) (dba MP Materials) to acquire the Mountain Pass Mine and operating facilities as well as other assets on the site that were owned by Oaktree, another bankruptcy creditor. [11] At the time, Mountain Pass was in a state of “care and maintenance” and had only eight employees, according to Litinsky. [3]
TO:
In 2015, Molycorp, the previous owners of the Mountain Pass mine, filed for bankruptcy. At the time, it was the only U.S. producer of rare earth elements. [12] While in bankruptcy, Secure Natural Resources (SNR), a company owned by Molycorp’s creditors, including JHL Capital Group, gained control of the mine’s mineral rights. [13] In June 2017, the Mountain Pass mine was purchased at auction for $20.5 million by a new entity called MP Mine Operations LLC (MPMO). [14] MPMO was a consortium formed principally by JHL Capital Group, a Chicago-based investment firm led by James Litinsky, along with QVT Financial LP and Shenghe Resources. [3] Shenghe, a partially state-owned Chinese company, held a minority, non-voting interest. [15]
Reason: Clarifies and corrects the history of the creation of MP Materials. Uses sources from articles from The Wall Street Journal and The Las Vegas Review-Journal to detail how MP Materials came into existence. The sources for these sentences as they are presently on Wikipedia are from a press release and a government document.
Since the WSJ articles are behind a paywall, here are the relevant sentences:
“Molycorp Inc. filed for protection from creditors, becoming the biggest corporate failure in a bleak year for miners hit by slumping commodity prices and waning demand from their biggest customer, China. The Greenwood Village, Colo., company, the sole U.S. miner and producer of rare earth elements, said on Thursday it had secured an agreement with creditors to restructure its $1.7 billion in debt, and obtained $225 million in new financing to continue operations. It expects to have a court-approved restructuring plan by the end of the year.”
“California’s Mountain Pass mine, the sole significant developed source for crucial rare earths electronics elements in the U.S., is destined to go on the auction block in March, according to papers filed Tuesday in the U.S. Bankruptcy Court in Wilmington, Del. Up for sale is land and some equipment at the mine, according to court papers. Mineral rights at the site belong to an entity called Secured Natural Resources LLC, which is owned by creditors of the mine’s former owner, Molycorp Inc., including JHL Capital Group LLC.”
“Less than a year after the bankruptcy trustee threatened to have Mountain Pass mine’s case dismissed, it is to be sold for $20.5 million, a price that Judge Christopher Friday’s court hearing in Wilmington, Del., called ‘an excellent result’ for an asset that had proved tough to sell.”
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST FOUR
In the second paragraph of the History section, please DELETE the following sentence:
“The transaction, which closed on November 17, 2020, raised $545 million to fund its three-stage business to create a vertically integrated rare earth magnet supply-chain in the United States.”
REPLACE WITH:
The transaction, which closed on November 17, 2020, raised $545 million. [16]
‘’Reason’’: Existing version of this sentence is based on a press release, which does not conform to the WP:RS policy guidelines for acceptable sources. This version also removes extraneous detail not present in the new secondary source.
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST FIVE
In the section ‘Mountain Pass mine’, please change the sentence that begins:
“MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,000 tonnes in 2020...”
TO:
MP Materials produced 28,000 tonnes of rare-earth oxide equivalent from Mountain Pass in 2019, and 38,500 tonnes in 2020, or more than 15% of global production. [1]
Reason: The actual amount of rare earth removed in 2020 is inaccurate on Wikipedia (should be 38,500.) Note that I have added a secondary source and removed the primary source as the citation. The secondary source is correct and preferred.
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST SIX
In the section ‘History’, subsection ‘Mountain Pass mine’, please REWRITE the last sentence from:
Shenghe Resources is the sole buyer of MP Materials' rare earth concentrate. [17]
TO:
As of late 2020, Shenghe Resources was the sole purchaser of MP Material’s rare earth concentrate. [18] [19]
Reason: Sets a date for this statement so it doesn’t sound perennial. The first source says “currently” and the second source, a redundant PRIMARY given for research purposes, also says that MP “currently rel[ies]” on Shenghe. (page 9).
Here’s the relevant text from the Quartz article (which is paywalled):
“The California mine, Mountain Pass, was bought out of insolvency in 2017 by a rescue consortium that included Shenghe—and secured the Chinese company rights to Mountain Pass’s output. According to MP’s listing prospectus filed last October, Shenghe is currently the firm’s principle source of revenues as the sole buyer of MP’s rare earth concentrate, which Shenghe sends to China for processing.”
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST SEVEN
In the section “ ‘U.S. government contracts’, please replace:
“Following that award, on November 17, 2020, the Department of Defense announced that MP Materials was awarded a Defense Production Act Title III technology investment agreement, which includes a $9.6 million contribution to the company’s Stage II optimization plan to establish domestic processing capabilities for light rare earth elements.”
WITH:
In November 2020, the United States Department of Defense awarded MP Materials $9.6 million as part of a government effort to increase domestic production of rare earth materials. [20] [21]
Reason: The current sentence is sourced only to a press release from the DOD. The replacement statement is sourced with an acceptable WP: RS.
This edit request by an editor with a conflict of interest has now been answered. |
REQUEST EIGHT
In the section ‘U.S. government contracts’, please add a second paragraph:
MP Materials received $3 million in funding from the United States Department of Energy in 2021 [3] to design and study the feasibility of a system to produce rare earth oxides and metals from coal by-products in collaboration with the University of Kentucky. [22]
Reason: Describes a significant government grant (sourced to The Las Vegas Review-Journal, a reliable mainstream source) to study turning a fossil fuel byproduct into a valuable commodity. Government-funded research is a noteworthy event in the company’s history.
Thanks for your review.
Tmy350 (
talk) 18:35, 20 August 2021 (UTC)
'Note: I’d ask that the initial “Not Done” here be given no weight. Quetstar has now bowed out of working on all REs, after an editor complained that they rejected virtually all REs with little rationale or explanation, Quetstar said "I admit I've gone overboard with my responses and rash attitude. I am going to take a break from this, as COI requests have been consuming my patience.". Wikipedia_talk:Edit_requests#Issues with editor reviewing Requested Edits). Tmy350 ( talk) 00:07, 3 December 2021 (UTC)
References
{{
cite web}}
: CS1 maint: url-status (
link)
{{
cite news}}
: CS1 maint: url-status (
link)
{{
cite news}}
: CS1 maint: url-status (
link)
{{
cite news}}
: CS1 maint: url-status (
link)
This edit request by an editor with a conflict of interest has now been answered. |
Hi, I have other suggestions to update this article. I have a conflict of interest as an employee of the company, as disclosed above. Here are my suggestions. @ Spencer: Since you are already familiar with this article from the last round of RE reviews, I was wondering if you might be interested in taking a look at these requested edits.
REQUEST ONE
In the History section, please add a new paragraph after the third paragraph (just above the “Mountain Pass mine” subsection):
In December 2021, MP Materials signed a long-term agreement with General Motors to provide neodymium-iron-boron magnets for use in GM electric vehicle motors. [1] As part of the contract, MP Materials also agreed to provide alloy and finished magnets to GM for its electric vehicles [2] and to open a new factory located in Fort Worth, Texas to produce the magnets. [3]
Reason: This development received substantial business press coverage in high-quality sources.
REQUEST TWO
In the History section, please add the following new paragraph just above the “Mountain Pass mine” subsection:
In February 2022, President Joe Biden announced at a press conference that the United States Department of Defense was investing $35 million into MP Materials as part of an effort to spur domestic rare earth production in the United States. [4] [5] Biden said that this move was designed to reduce America’s almost 100% reliance on rare earth minerals imported from other countries. [6] [7] The Biden Administration said the federal funding is earmarked to assist the company to develop a new commercial facility for “heavy” rare earth mineral processing. [5]
Reason: This development was important enough news that President Biden announced it personally at a press conference. It received substantial press coverage in quality reliable sources.
REQUEST THREE
In the History section, “Mountain Pass mine” subsection, please add the following photo by pasting the following code directly below the subsection title:
Reason: This photo of the Mountain Pass mine can give readers additional visual context to augment the discussion of the mine in the text of this subsection.
Thanks very much for your consideration. Tmy350 ( talk) 19:24, 1 March 2022 (UTC)
References