Moly Mines Limited (TSX:MOL)(ASX:MOL)reported that Hanlong Mining Investment Pty Ltd has received a critical approval from the People’s Republic of China for Hanlong’s US$200 million equity and debt investment in Moly Mines.
The press release is quoted as saying:
Concurrently, Moly Mines is working with Hanlong and PRC domestic banks to secure the US$500 million Project Finance Loan Facility for the development of the Spinifex Ridge Molybdenum Project.
