10 Top Molybdenum-producing Countries

10 Top Molybdenum-producing Countries

Here's a look at the main producers of molybdenum in 2014, as per data from the US Geological Survey. China took the top spot, with the United States and Chile rounding out the top three.

General Moly’s Share Price Up on AMER International Deal

The moly market saw some positive activity last week when US-based General Moly announced a "significant investment" and security purchase agreement with AMER International Group, a private multinational company based in China.

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Company News

Angkor Gold Announces Halo Copper-Moly Discovery

Angkor Gold Corp. (TSXV:ANK) announced the discovery of a third mineralized porphyry system in the southeast of its Cambodia-based Oyadao South tenement. The copper-moly discovery is called Halo and it covers an area of 1 kilometer by 750 meters.

Thompson Creek Metals Reports Mt. Milligan’s May Performance

Thompson Creek Metals Company Inc. (TSX:TCM,NYSE:TC) announced an update on mill operations and throughput at its Mt. Milligan mine, noting that "various adjustments and modifications" have been made at the mine over the last few months.

Thompson Creek Metals to Place Endako on Care and Maintenance

Thompson Creek Metals Company Inc. (TSX:TCM,NYSE:TC) announced plans to put the Endako molybdenum mine on care and maintenance effective July 1, 2015. According to the company, the move was driven by "continued weakness in the molybdenum market."

Caravel Executes Farm-in Agreement with First Quantum Minerals

Caravel Minerals Ltd. (ASX:CVV) announced that it's executed a farm-in agreement with First Quantum Minerals Ltd. (TSX:FM,LSE:FQM) that will allow it to continue advancing its flagship Calingiri copper-moly project.

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Company Videos

INN Video: Mark Premo of Avanti on the Coming Year at the Kitsault Mine

Avanti Mining Inc. (TSXV:AVT) COO, Mark Premo spoke with the Investing News Network about the company's flagship Kitsault project in BC. Mr. Premo comments on the recent award of a provincial environmental certificate, which enables the Company to move forward with the permitting process at the project.

Market News

Still No Comment from China on Removal of Moly Export Tax

Platts reported that although the May 2 deadline for China to remove its export restrictions on molybdenum is coming up fast, the Asian nation still hasn't said how it will respond to that requirement.

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