Moly Mines: Hanlong gets Approval for Moly Deal

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Fri, Jan 22, 2010
Moly Company News
Post by Melissa Pistilli, Moly Senior Reporter

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.

Click here to access the entire press release

Click here to access Moly Mines Corporate Site

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