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Company News

American CuMo Mining Completes Oversubscribed Private Placement

American CuMo Mining Completes Oversubscribed Private Placement

American CuMo Mining (TSXV:MLY) has closed its previously announced non-brokered private placement and increased the size of the offering to raise total gross proceeds of $550,000. Proceeds will be used for general corporate purposes and to reduce American CuMo's working capital deficit.

Taseko Mines Releases Q3 Production Results

Taseko Mines Ltd. (TSX:TKO,NYSEMKT:TGB) announced its Q3 production results, commenting that its Gibraltar mine put out 35.4 million pounds of copper and 650,000 pounds of molybdenum.

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Market News

China May Cancel Moly Export Quotas and Tax in 2015

Metal Bulletin reported that for the most part, molybdenum market participants in China expect the country to cancel the current export quotas and tax on the metal in 2015.

Asian Moly Oxide Buyers on the Hunt for Lower Prices

Platts reported that Asian buyers of molybdenum oxide are looking to buy the material for under $10 per pound. The news outlet's daily moly oxide dealer price sat at $9.90 to $10 per pound on Tuesday.

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