Ivanhoe drill finds highest grade molybdenum
Ivanhoe Australia reported to have confirmed that it has recorded the highest grade of molybdenum in the world at its flagship Queensland project. For full story, click here
Archive for March, 2009
Importers undercutting China’s domestic producers
Imports of molybdenum into China surged in February as overseas sellers stepped up competition with Chinese producers. Imports of moly have surged because Chinese producers have found themselves largely unable to compete with cheaper import offers.
Augur Resources reported maiden JORC
Augur Resources reported an initial JORC inferred resource estimate of 120 ppm molybdenum for its Yeoval porphyry deposit in central New South Wales. For full story, click here
Global molybdenum oxide prices dip on slow demand
Platts declared that molybdenum oxide and ferromolybdenum prices lowered this week amid weak demand in Asia, Europe and North America and on signs that Chinese buying of oxide may be slowing. For full story, click here
Thompson Creek announced Q4 results
After Thursday’s market close, Thompson Creek Metals, the molybdenum producer, declared a net loss for the fourth quarter, resulting from a partial write-down of goodwill assets and other special non-cash charges. For full story, click here
Cariboo Resource provided corporate updates
Cariboo Rose Resources Ltd. provided a general update and overview of plans for 2009.Regarding its Woodjam copper-gold-molybdenum project located in south central British Columbia approximately 50 kilometres east of Williams Lake, the company declared that it is a joint venture between Fjordland Exploration Inc. with a 60% interest and Cariboo Rose with a 40% interest. [...]
Molybdenum’s route for a slow recovery
Government spending will spark a recovery in steel demand towards the end of the year; but its mark on the molybdenum market will be limited. Demand for molybdenum in China likely will rise 6 percent in 2009, then slip to 52,800 tonnes in 2010 before growing again in 2011.
Great Panther announced mining revenues results
Great Panther Resources Ltd., announced revenues and earnings results for its fourth quarter and year ended December 31, 2008. While highlighting its exploration results, the company said that its molybdenum-rich skarn discovery at Mapimi Project in Durango has expanded to more than 250 metres across and 200 metres thick. For full story, click here
Torch river unveiled moly property progress report
Torch River Resources Ltd. announced a technical report titled “Mount Copeland Molybdenum Property Progress Report for 2008″ dated December 1, 2008. For full story, click here
Moly is making money
Investors must know that patient money right now is marking time in molybdenum and possibly other specialty elements and novel life-science compounds that might improve our current treatments for dementia, heart disease, influenza and cancer. For full story, click here
