Creston Moly Corp. reported that it has filed on Sedar a 43-101 compliant titled “NI 43-101 Technical Report, Creston Project, Pre-Feasibility Study, Sonora, Mexico, Volume 1. For full story, click here
Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February as overseas sellers stepped up competition with Chinese producers. This did little, although, to correct prices.
Sprott Molybdenum Participation Corporation announced its results for the year ended December 31, 2008. For full story, click here
Vancouver-based Amerigo Resources, which produces copper and molybdenum from mine tailings at a facility in Chile reported that the company is in the process of commissioning its own heavy-fuel-oil power generators and hopes to start-up in the next few days. For full story, click here
Erdene Resource Development Corporation reported that steelmakers will struggle to secure supplies of molybdenum in 2011 as the economic crisis spurs producers to shelve 100 million pounds of new supply. For full story, click here
General Moly declared plans to further conserve cash while retaining the ability to start construction at the Company’s 80% owned Mt. Hope project pending improvements in the molybdenum and capital markets. For full story, click here
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. For full story, click here
Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February as overseas sellers stepped up competition with Chinese producers. For full story, click here
China Molybdenum Co Limited reported that net profit in 2008 was CNY 1.641 billion in 2008, down by 26.77% YoY. For full story, click here
Steelmakers will have to struggle in order to secure supplies of molybdenum, used to toughen the metal, in 2011 as the economic crisis spurs producers to shelve 100 million pounds of new supply. Chief executive Peter Akerley stated: We would be looking at somebody who would help with investing in the project through” supply agreements, [...]
Tuesday, March 31, 2009