Creston Moly Corp. declared that it will convene a Special Meeting of Shareholders to vote on the business combination with Tenajon Resources Corp., more particularly described in news releases issued by Creston on May 27, 2009 and June 29, 2009. For full story, click here
As previously announced, the Corporation proposes to distribute all or substantially all of its assets to its shareholders on or about July 9, 2009. For full story, click here
Chinese imports of molybdenum concentrate and molybdenum oxide nearly doubled from January to February as overseas sellers stepped up competition with Chinese producers. This did little, although, to correct prices.
The first week of 2009 was a sleepy one for molybdenum with thin trading volume as many customers remained on holidays. Activity in China was by far the slowest, with Chinese molybdenum oxide and ferromolybdenum producers halting spot molybdenum offers to overseas customers.
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