Moly up as Spinifex Exceeds Expectations
Perth Now reported that despite delays, Moly Mines (PINK:MYMNF) has exceeded expectations for its Spinifex Ridge mine.
Perth Now reported that despite delays, Moly Mines (PINK:MYMNF) has exceeded expectations for its Spinifex Ridge mine.
Moly Mines Ltd. declared that it is targeting mining pre-strip operations at the Spinifex Ridge iron ore project in Western Australia to begin late in the first quarter 2010 with production slated for July 2010. For full story, click here
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
Moly Mines have completed a maiden resource estimate for the iron ore deposits at its Spinifex Ridge project in Western Australia. For full story, click here
Government spending will spark a recovery in steel demand towards the end of the year; but its mark on the molybdenum market will be limited. Demand for molybdenum in China likely will rise 6 percent in 2009, then slip to 52,800 tonnes in 2010 before growing again in 2011.
Moly mines reported that that Mr. Willis, who has presided over approximately A$330 million in exploration and development capital financings for the advancement of the Spinifex Ridge Molybdenum Project, has resigned as a director of the company. For full story, click here
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