China Molybdenum Moves Closer to IPO in Shanghai
MarketWatch reported that China Molybdenum Co.'s (HSE:3993) plan for a Shanghai IPO is currently under review by China's securities regulator.
MarketWatch reported that China Molybdenum Co.'s (HSE:3993) plan for a Shanghai IPO is currently under review by China's securities regulator.
Platts reported that traders were stalling on Asia moly oxide contracts, expecting prices to fall next week.
China’s increase in the resource tax on molybdenum, equivalent to a 4-fold gain per ton is in full effect. The increase, aimed at conserving the country’s resources and curbing pollution could create a need for more imports of moly.
Reuters reported that Molymet has a 5-year investment plan aimed at increasing molybdenum production.
Uncertainty remains for the 2012 molybdenum market following the volatility of 2011.
ROCA Mines Inc. (TSXV:ROK) announced its year-end financial results.
Bloomberg reported that Moly Mines (ASX:MOL) has cancelled its planned Spinifex Ridge moly-copper project.
Platts reported that moly trading in Asia was slow as traders hold out for weaker prices.
Avanti Mining Inc. (TSXV:AVT) announced that it has made an interest payment in the amount of US$100,000.00 on the bridge loan for the period from July 1, 2011 to September 30, 2011.
Virgin Metals Inc. (TSXV:VGM) announced the details regarding initial assessment efforts at their Alamos Gold project located in Sonora, Mexico.
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