Melissa Pistilli has been reporting on market-shaking news in the resource and mining investment sector for over five years and has been with the Investing News Network since 2008. She has written on a wide variety of topics, from managing political risk in the mining industry to manipulation in the silver market. Formerly the managing editor of the Investing News Network, Melissa now serves as a senior reporter writing for Lithium Investing News and Uranium Investing News. She is most interested in the impact of global economics, politics and sociocultural influences on the commodities markets, and this shows in her reporting. Melissa holds a bachelor’s degree in English education as well as a master’s degree in teaching of writing, both from Humboldt State University, California. She currently resides at the heart of Canada’s mining industry — Vancouver, British Columbia.
Avanti Mining Inc. (CVE:AVT) has entered into a Molybdenum Concentrate Tolling Agreement with Molymet of Chile for the life of mine molybdenum concentrate production at the Company’s Kitsault Project. “This agreement is an important milestone for Avanti as it assures the steel producers that we can deliver quality products to them throughout the term of [...]
Molybdenum is obtained from two different types of mines: primary mines and by-product mines. By-product mines are most commonly referred to as Copper-Molybdenum ore bodies, while ‘primary’ mines focus solely on molybdenum production.
Chinese firms now control 30 percent of the world’s Molybdenum reserves. In an effort to control the rising costs of steel production, China may be trying to control other minerals needed for alloys, mainly molybdenum. Also included, a market wrap-up of companies that stand to gain from a resurgence of steel demand worldwide.
After the Chinese agreed to fund two Molybdenum companies last week, Thompson Creek Minerals and Antofagasta PLC are looking for financing for new projects to capitalize on surging molybdenum prices.
Projected growth for steel combined with Chinese firms investing in foreign molybdenum producers could provide investors with unique opportunities at a good value.
Molyseek.com reported on the metal that has no equals: Identified resources amount to about 5.4 million tons of molybdenum in the United States and about 13 million tons in the rest of the world. Molybdenum occurs as the principal metal sulfide in large low-grade porphyry molybdenum deposits and as an associated metal sulfide in low-grade [...]
Antares Minerals Inc. (TSX VENTURE:ANM) reported the completion of an updated independent National Instrument 43-101 compliant resource estimate for its Haquira Cu-Mo-Au project in southern Peru. The press release is quoted as saying: The Haquira project is located in southern Peru and offers excellent potential for an initial low-strip, low-cost SX-EW copper operation with a [...]
Intrepid Mines Limited (TSX:IAU)(ASX:IAU) reported the release of the Company’s Audited Financial Results as well as its Management’s Discussion and Analysis for the three and twelve month periods ended 31 December 2009.
