Moly Mines Limited (TSX:MOL,ASX:MOL) announced the highlights from their Quarterly Activities Report and Quarterly Cashflow Report for Q1 2013.
Articles Tagged "moly"
Platts reported that China's producer of moly concentrate, China Molybdenum, said that they expect the Chinese steel sector to give a boost to prices through 2013.
Platts reported that Asian spot trade of molybdenum oxide powder was flat on Wednesday.
Emgold Mining Corporation (TSXV:EMR, OTCQB:EGMCF) announced results from their 2012 exploration program at its Stewart Property in B.C.
General Moly (NYSE:GMO, TSX:GMO) announced that they have reached an agreement with Hanlong Mining to extend their Bridge Loan maturity to November 16, 2013.
Platts reported that an uptick in interest from European traders supported spot demand for moly oxide powder on Tuesday.
Bloomberg reported that Sichuan Hanlong Group's founder is being held on murder charges, which is casting doubt on the future of the intended mining investment in Sundance Resources Ltd in West Africa and in General Moly Inc. Mt. Hope molybdenum mine.
Mining Weekly reported that Mercator Minerals announced both record production and earnings in Q4, beating analyst expectations.
Bloomberg reported that General Moly has suspended work supported on a $665 million loan on news that the creditor responsible for the loan has been detained in China, sending stock price tumbling yesterday. As quoted in the market report:
Mining Weekly reported that a Copper Fox Metals Inc. (TSXV:CUU) insider has committed to 83 percent, or $2.5 million, of a $3-million private placement.