Moly Investing News » Molybdenum mine need to curtail production

Molybdenum mine need to curtail production

March 26, 2009 @ 9:00 am In Moly Company News

The Erdene Resource Development Corporation reported that it had been producing 20 million pounds of molybdenum annually, but will slash production to five or six million pounds.

Chief Executive Peter Akerley said:

We would be looking at somebody who would help with investing in the project through supply agreements.

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