Winnepeg Free Press reported that Taseko Mining (TSE:TKO) is again seeking approval for a proposal to revive the Prosperity project.
Taseko Mines Limited (TSE:TKO,AMEX:TGB) announced earnings results for Q1 2011.
Taseko Mines Inc. (TSE:TKO) has been approved by its board of directors to expand capacity at its British Columbia copper-molybdenum mine.
Many molybdenum firms benefited from higher prices for moly in 2010 as well as massive investments from moly hungry China. Backed by growing steel demand from the urbanization of China, moly prices rose from the abysmal $8 lows in 2008 up to $18 per pound in April 2010, prices have since settled to around $16 per pound.
The Mining industry is complex and dangerous. Not only because of geological hazards, but also from the pitfalls associated with running a multi-national business. Like any economic sector, it has its up and downs.
Molybdenum exploration in Canada is heating up along with demand for the metal. Miners are looking to take advantage of China's appetite for steel, for which moly is a vital ingredient. This article is a guide to some of the promising molybdenum projects underway in Canada.
Molybdenum price fluctuations have been common place for a while now. Since the collapse in 2008 that saw prices fall from $36 per pound down to $8 per pound, many analysts and investors have been looking for stability.
Friday, August 12, 2011