Moly Investing News » Moly Mines: Hanlong gets Approval for Moly Deal

Moly Mines: Hanlong gets Approval for Moly Deal

January 22, 2010 @ 12:45 pm In Moly Company News

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 ^[1]

Click here to access Moly Mines Corporate Site ^[2]

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URLs in this post:

[1] Click here to access the entire press release: http://www.marketwirecanada.com/mw/rel_ca.jsp?id=1105812&k=molybdenum

[2] Click here to access Moly Mines Corporate Site: http://www.molymines.com/