Reports of mineral wealth in Afghanistan exceeding $1 trillion may seem like terrific news for the war torn nation; however, when faced with the political realities, seem less attractive to international mining companies. Is the release of internal Pentagon memo’s just days before a Senate hearing a political ploy or a mining reality?
Woulfe Mining Corp. (CVE:WOF) reports its approval for the mine development license for Sangdong tungsten-molybdenum project. The Company will lodge an environmental bond in the coming week and proceed to open the underground mine in conjunction with the mine safety authority. Brian Wesson, CEO and President of Woulfe Mining says: “This is a significant milestone for the [...]
Avanti Mining reports an alternative location for a Tailings Management Facility for its Kitsault molybdenum project has been identified. Avanti is currently advancing its Feasibility Study. It has been studying alternative TMF sites since the PFS was published in November 2009, under the direction of Knight Piesold. The study involved the selection of a more optimum TMF [...]
Woulfe Mining Corp. (CVE:WOF) reports its work schedule for 2010. Woulfe Mining is focused on the redevelopment of the world class Sangdong tungsten and molybdenum mine in South Korea. Woulfe is in a unique position with what the Board considers to be “The” tungsten project in the world with its 25 km of underground development [...]
Moly Mines has completed a maiden resource estimate for the iron-ore deposits at its Spinifex Ridge project, in Western Australia. For full story, click here
Vancouver-based Creston Moly Corp. and Vancouver’s Tenajon Resources Corp. declared plans to merge in an all-share deal worth roughly $9.8 million. For full story, click here
MAX Resource Corp. declared that it has received the results from drilling completed in 2008 at the Ravin Molybdenum/Tungsten property in Nevada. For full story, click here
Tenajon Resources Corp. declared that a resource estimate has been completed on the Company’s Moly Brook Zone. The zone, one of three identified on the Company’s 100% owned Moly Brook Property, is located 2 kilometres north of the village of Grey River on the south coast of Newfoundland and less than 4 km from a [...]
Despite the recent optimism across the metals sector, molybdenum prices are continuing on a downward trend. Last week, sluggish demand and high stockpiles caused European ferromolybdenum prices to drop below US $21 per kg. US market prices also slid.
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.
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