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Company News

American CuMo Mining Reports Appointment of New Directors and Officers

American CuMo Mining Reports Appointment of New Directors and Officers

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) announced that Thomas Conway was elected as an additional director of American CuMo at the shareholder-requisitioned general meeting of shareholders held yesterday. Proposals to remove Hongxue Fu and Yiming Xie as directors of American CuMo did not pass.

American CuMo Mining Reports IEMR Hong Kong Litigation Developments

American CuMo Mining Reports IEMR Hong Kong Litigation Developments

American CuMo Mining Corporation (TSXV:MLY,OTCQX:MLYCF) has been served with a notice of civil claim filed by International Energy & Mineral Resources Investment (Hong Kong) Company Limited, further to its news release of June 30, 2014. The company also filed a lawsuit against American CuMo and Shaun Dykes on June 17, 2014.

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Market News

China’s SRB Buys Moly Oxide, Cobalt

Reuters reported that China's State Reserve Bureau (SRB) has purchased nearly 3,000 tonnes of molybdenum oxide in a bid to "support struggling domestic producers squeezed by tight credit conditions."

China’s SRB Plans First Moly Oxide Purchase

Metal Bulletin reported that China's State Reserve Bureau (SRB) will meet tomorrow with four major local molybdenum producers to discuss its plans to buy molybdenum oxide for the first time.

Japanese Steelmakers Saving Money by Using Ferromoly

Platts reported recently that some Japanese steelmakers are using more ferromolybdenum than molybdenum oxide in order to save on the production of chrome-moly steel for automotive applications.

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