Green Technologies Tie Silver and Moly Price Together
As the use of molybdenum becomes diversified because of its use in solar panels, the price correlation between Silver and Moly is closing. The diversification of the uses for moly is beneficial as the price is not dependent solely on steel consumption.
Moly Price Action: Summer Slowdown or Market Reaction to China?
“Sell in May, and Go Away,” may hold true for minor metals such as molybdenum this year. However, recent moves by the Chinese and speculation on China’s growth numbers may be the true factors driving the molybdenum market.
World Class Molybdenum Deposits
Wednesday, June 30, 2010
Molybdenum is obtained from two different types of mines: primary mines and by-product mines. By-product mines are most commonly referred to as Copper-Molybdenum ore bodies, while ‘primary’ mines focus solely on molybdenum production.
Mongolia: Emerging Mineral Giant
The search for new mineral wealth is pushing to the far reaches of the globe. Mongolia, the neighbor to two of the world’s largest economies, Russia and China, is on track to have the largest copper mine outside of Chile. International mining companies are taking up increased interest in Mongolia, which suffers from poverty and a lack of modern infrastructure.
Afghanistan’s Mineral Wealth: A Mining Opportunity or Political Ploy?
Reports of mineral wealth in Afghanistan exceeding $1 trillion may seem like terrific news for the war torn nation; however, when faced with the political realities, seem less attractive to international mining companies. Is the release of internal Pentagon memo’s just days before a Senate hearing a political ploy or a mining reality?
Avanti Mining made an interest payment on the bridge loan
Steel Guru.com reports on Avanti Mining’s (CVE:AVT) payment of interest on the Bridge Loan.
According to the terms and conditions set out in the Loan Agreement, RCF has the option to receive interest payments in the form of common shares of Avanti. RCF has made a request to receive the interest payable on the bridge loan [...]
Molycorp cuts estimated IPO price to $14/shr
Rare earth oxide producer Molycorp Inc (NYSE: MCP) reported it now expects to raise about $394 million through its initial public offering.
Fjordland Exploration Inc.: Gold Fields Commences 5000 m Drilling Program
Fjordland Exploration Inc. (TSX VENTURE:FEX) and Cariboo Rose Resources Ltd. (TSX VENTURE:CRB), 60%-40% partners in the Woodjam Joint Venture , have announced that Gold Fields Limited’s (NYSE: GFI) exploration company, Gold Fields Horsefly Exploration Corporation, has provided an update on its work on the Woodjam South Property.
Creston Moly Closes Financing
Creston Moly Corp. (TSX VENTURE:CMS) announced that due to the demand of the non-brokered private placement announced on July 6, 2010, the Company has increased the financing to a total of $3,735,900.
Thompson Creek Announces Union Obtains Certification at Endako Mine
Thompson Creek Metals Company Inc. (NYSE: TC;TSX: TCM, TCM.WT;Frankfurt: A6R), one of the world’s largest publicly traded, pure molybdenum producers, today announced that employees at the Company’s Endako Mine located 120 miles northwest of Prince George, British Columbia, have received union certification.
Animas Resources updates on El Tigre Program
Animas Resources Ltd. (TSX VENTURE:ANI) reported significant progress in its field exploration program at El Tigre, Santa Gertrudis Mexico.
Woulfe Mining is Underground at Sangdong Mine With Opportunity for Early Production
Woulfe Mining Corp. (CVE:WOF) reports its development of Sangdong tungsten-molybdenum project, South Korea.
Woulfe has prepared a drilling program to delineate a block lying above the valley floor that has the potential to contain 3 million to 5 million tonnes of relatively high grade resources. This is an exploration target as it is uncertain if further [...]
Antares Announces Positive Preliminary Economic Assessment for Haquira Cu-Mo-Au Project, Peru
Antares Minerals Inc. (TSX VENTURE:ANM) announced that it has received a positive Preliminary Economic Assessment (PEA) for its wholly owned Haquira Copper Project in southern Peru.
Seabridge Drilling Confirms Iron Cap as Major New Deposit
Seabridge (TSX:SEA)(NYSE Amex:SA)have confirmed a new large potentially bulk minable deposit at KSM at the Iron Cap target.
Avanti Mining issues shares
Avanti Mining (CVE:AVT) reports issuing shares for interest payable under terms of a bridge loan.
According to the terms and conditions set out in the Loan Agreement, RCF has the option to receive interest payments in the form of common shares of Avanti. RCF has made a request to receive the interest payable on the bridge loan [...]
- Avanti – Production at Kitsault by 2013
- Bard Ventures – Moly and Silver in BC
- Woulfe Mining: Exploration and Development of World-class Mines in South Korea
Asides 
For upcoming molybdenum investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
The Molybdenum Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
MolyInvestingNews.com maintains a focus on Moly exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
ResponsibleMiner.com is a new web site with a wiki for mining companies and suppliers can discuss best practices in the mining industry. Also, check for profiles of companies doing great things to improve mining best practices.
Tuesday, July 20, 2010
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