Thompson Creek to Suspend Endako Mine on Moly Price Weakness

Thompson Creek to Suspend Endako Mine on Moly Price Weakness

The company confirmed last month that its Thompson Creek moly mine will be put on care and maintenance at the end of the year, then said Wednesday that operations at Endako, a moly mine it has a 75-percent stake in, will be suspended at the same time.

Moly Prices to Rebound by 2020?

Moly prices could be in for a boost in the next five years if the metal is buoyed up by increased consumption and production in China.

Read More Feature Articles

 

Company News

Glenmark Capital to Acquire Poplar Copper-Moly Project

Glenmark Capital Corp. (TSXV:GLM) announced that it has entered into an option agreement with Lions Gate Metals Inc. (CSE:LGM) under which it will acquire, subject to existing royalties, the British Columbia-based Poplar copper-moly project.

American CuMo Posts Third Quarter Net Gain

American CuMo Posts Third Quarter Net Gain

American CuMo (TSXV:MLY,OTCQX:MLYCF) announced it had posted a net gain of $19,003 for the third quarter ending September 30, 2014. This time last year, the company had posted a $474,472 loss.

Avanti Mining Changes Name to Alloycorp Mining

Avanti Mining Inc. (TSXV:AVT) announced that it has made senior management and board changes to support company growth and the development of its Kitsault molybdenum project.

American CuMo Mining Provides an Update; Makes Final Annual Interest Payment on IEMR HK

American CuMo Mining Provides an Update; Makes Final Annual Interest Payment on IEMR HK

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) has made the second required annual interest payment on the US$1,500,000 convertible debenture held by International Energy & Mineral Resources Investment (Hong Kong) Company Limited. The Company also reported that the final supplemental Environmental Assessment is underway and due in early January 2015.

Read More Company News

Market News

North America Produced Most Moly in Q2 2014

Metal Powder Report said that according to the International Molybdenum Association, in the second quarter of 2014, North America took over China's position as the largest producer of molybdenum.

Moly Oxide Trading Stalls as Price Hits Lowest Point in 2014

Platts reported that there was a stall in moly oxide trading on Tuesday. The issue was "a deal at $8.95/lb in-warehouse Rotterdam," which on Monday pushed the Platts daily dealer price to $8.95 to $9.05 per pound, its lowest level so far in 2014.

Read More Market News

Authors

See all Authors