The Kitsault Molybdenum Mine - owned 100% by Avanti Kitsault Mine Ltd (CVE:AVT), is a former producing mine (total production during two prior periods was approximately 30 million pounds of moly) and is considered one of the top-five undeveloped primary molybdenum assets worldwide.
Creston Moly Corp. announced that it has completed a pre-feasibility study that attaches a capital cost of between US$511.6 million and US$576.2 million to development of its Creston project in Sonora. 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
Wednesday, January 6, 2010