The press release is quoted as saying:

Imperial is a mine development and operating company based in Vancouver, British Columbia. The Company’s key properties are the Mount Polley open pit copper/gold producing mine in central British Columbia, the Huckleberry open pit copper/molybdenum producing mine in northern British Columbia, the development stage Red Chris copper/gold property in northwest British Columbia, and the development stage Sterling gold property in southwest Nevada.

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Click here to access Imperial Metals Corporate Site

The press release is quoted as saying:

Augusta plans to use the net proceeds of this financing to advance the development of the Rosemont Copper property located in Pima County, Arizona and for general working capital purposes.

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Click here to access Augusta Resource Corporate Site

Consider why, when so many pundits and experts have continually called for the same dramatic and rapid decline in Molybdenum prices as we have seen in past when it spiked in price, that it has confounded all the predictions and has remained high for months on-end, all the while outliving those same wrongful predications. Today I believe there are little known, but yet profound changes afoot in the world of energy due to scientific discoveries in catalyst research that are outside the scope of most mainstream reports and articles on Molybdenum, and they are so dramatic and exciting that soon the entire Oil industry will soon be in shock.

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The press release is quoted as saying:

Antares is a successful mineral exploration company with highly experienced technical and management teams. The Company is focused on precious- and base-metal exploration properties in Latin America that can be quickly and cost-effectively advanced to the discovery and production stage.

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Click here to access Antares Minerals Corporate Site

The press release is quoted as saying:

Amerigo Resources Ltd. is a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile.

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Click here to access Amerigo Resources Corporate Site

The press release is quoted as saying:

Amerigo Resources Ltd. is a Canadian junior company producing copper and molybdenum from its MVC operations near Santiago, Chile.

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Click here to access Amerigo Resources Corporate Site

The press release is quoted as saying:

Largo Resources Ltd. is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.

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Click here to access Largo Resources Corporate Site

The press release is quoted as saying:

Condor Resources Inc. was incorporated in 2003 by field exploration specialists focused on the generation of gold and copper projects in South America, where management has extensive experience and a proven track record of discovery.

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Click here to access Condor Resources Corporate Site

The press release is quoted as saying:

Woulfe Mining (formerly Oriental Minerals) is focused on a portfolio of mining leases in South Korea consisting of mines closed during the downturn in metal prices, followed by Asian financial crisis. The flagship Sangdong Mine was a significant producer of tungsten and molybdenum up to its closure in 1992.

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Click here to access Woulfe Mining Corporate Site

By Michael Montgomery

The outlook for steel production is hopeful with increasing demand from China. After a year of strong economic growth in 2009 that saw China’s GDP rise 8.7 per cent, and a bright forecast for 2010, China’s appetite for consumer goods is still strong.

A robust automotive market in China is fueling some of the demand for steel. An increase in the steel demand and a lack of domestic molybdenum supply looks good for moly producers worldwide.

January saw an increase of passenger car sales in China of 115.5 per cent on the year, while auto sales in India reached record highs as well. These sales numbers look promising for steel producers globally.  Ian Christmas, Director General of the World Steel Association, says the association expects “China will continue to grow around 10 per cent and you’ll find double digit increases in demand in the old industrialized countries,” adding “demand could grow 27 per cent in Germany and 30 per cent in France in 2010 as Europe’s major economies recover.”

This positive forecast for steel demand not only in China but worldwide bodes well for molybdenum producers. Moreover, a lack of domestic moly in China has driven the country to look for suppliers. “The indication is that the Chinese mining life domestically is shortening up, the grades are getting worse and the costs are going higher, and we are seeing this as the Chinese are starting to go outside of their walls to pick up new production,” said Michael Schwartz of Teck Resources.

The Chinese firm Hanlong (USA) Mining Investment Inc has agreed to by a stake of American molybdenum producer General Moly Inc. [TSX: GMO]. On Friday, General Moly said a Chinese firm has agreed to purchase a 25 per cent equity stake in company for $80 million and to secure other funding to help finance a Nevada molybdenum mine, reports the Associated Press. Shares in General Moly rose 53 per cent, up to $3.99 a share, on the financing agreement news.

In a recent development, Vancouver-based Quadra Mining [TSX: QUA] announced it has joined forces with State Grid, China’s prime power utility, on a joint-venture Chilean copper project. Under the deal, State grid will provide $900 million towards Quadra’s operations in Chile. “State Grid has agreed to arrange financing for the project, with a target of a 60/40 debt-equity ratio. Quadra will oversee operations. As part of the deal, State Grid will pay C$152 million (US$148 million) for a 9.9 per cent stake in Quadra,” reported Bernard Simon of the Financial Times.

These two examples of Chinese capitalization of mining projects are representative of recent moves by the country to control the vital resources needed to drive its own economic growth. China’s resource grab also represents unique investment opportunities for resource companies in general who need the financing of a joint partner to further develop their projects.