Moly Investing News » Chile’s Molymet to sell 10 pct stake in stock mkt

Chile's Molymet to sell 10 pct stake in stock mkt

September 3, 2010 @ 6:07 pm In Moly Company News

On Thursday, Chile's Molymet (SCL:MOLYMET), reported that it plans to sell 10 percent of the company in the stock market to raise $200 million for its expansion plan.

The press release is quoted as saying:

The four-year expansion plan is aimed at fulfilling growing demand of molybdenum as the world economy recovers and steel consumption grows in Asia, the company said in a statement.

Click here to access the entire press release ^[1]

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[1] Click here to access the entire press release: http://www.reuters.com/article/idUSN0220874920100902