Mosquito Consolidated Gold Mines Limited (CVE:MSQ; US OTC:QCMF; OTCQX:OTCM) is a Canadian natural resource exploration and development company with several precious and base metals projects in North America and Australia. Mosquito’s primary focus is developing its Idaho-based CuMo project, the world’s largest known molybdenum deposit.
Virgin Metals Inc. has recently completed a financing and will be moving forward with exploration on its two copper projects in Mexico.
Fjordland Exploration Inc. (CVE:FEX) and Cariboo Rose Resources Ltd. (CVE:CRB), 60%-40% partners in the Woodjam Joint Venture, report that Gold Fields Limited's (NYSE:GFI) exploration company, Gold Fields Horsefly Exploration Corporation, has forwarded drilling results from the first seven holes (2,470 m) of the 2010 campaign on the 13,827-hectare Woodjam South copper-gold-molybdenum property.
Western Copper Corporation (TSE:WRN) reports recent changes to the management team.
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.
BOLERO RESOURCES CORP. (TSX VENTURE:BRU) reported that the company has completed the private placement of 574,286 units at $0.35 per Unit to raise gross proceeds of $201,000.
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.
Bard Ventures is focused on two projects in British Columbia north of the town of Houston. Both properties are prospective for molybdenum and silver. Both projects are close to excellent infrastructure including a rail line, high voltage power lines, a gas pipeline and a highway.
Projected growth for steel combined with Chinese firms investing in foreign molybdenum producers could provide investors with unique opportunities at a good value.
Rio Alto Mining Limited (TSX VENTURE:RIO)(BVLAC:RIO)(DBFrankfurt:MS2)reported that Rio Alto S.A.C., a wholly-owned Peruvian subsidiary of the Company, has acquired five mining concessions consisting of 4,300 hectares contiguous to the 20,673 hectares making up the Company's La Arena Project.
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