Moly Mines Limited Mining News

ASX slams door on Moly Mines, leaves 4,000 shareholders in limbo

Exchange rules the firm was not allowed to resume trading due to concerns about controversy-plagued Chinese majority shareholder Hanlong Group.

Moly Mines plunges as suspension from ASX trading looms

The stock fell almost 26% in Sydney after the company announced it expects be suspended from trading later this month.

Moly Mines cashed up at A$80 million after iron ore sale is complete

Looking for copper and gold assets.

Moly Mines Limited: China Development Bank approves US$500 million project finance facility for the Spinifex Ridge molybdenum/copper project

Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to announce it has been advised by Hanlong Mining Investment Pty Ltd (“Hanlong”), that the China Development Bank (“CDB”) has approved US$500 million in project finance facilities to develop […]

Moly Mines Limited: China Development Bank approves US$500 million project finance facility for the Spinifex Ridge molybdenum/copper project

Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to announce it has been advised by Hanlong Mining Investment Pty Ltd ("Hanlong"), that the China Development Bank ("CDB") has approved US$500 million in project finance facilities to develop the Spinifex Ridge Molybdenum / Copper mine. CDB have agreed to expand their commitment from the US$250 million, announced on 1st February 2011, to US$465 million and make available US$35 million in further working capital facilities to meet Hanlong's US$500 million financing commitment to Moly Mines. A formal commitment letter is expected to be issued by CDB within the next two weeks.

Moly Mines third iron ore shipment departs Port Hedland

Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to confirm the 3rd shipment of iron ore fines has today sailed from Port Hedland, destination China. The vessel is carrying 70,202 wet metric tonnes of iron ore grading […]

Moly Mines receives $250 million of help from China Development Bank to develop molybdenum/copper mine

Moly Mines Ltd. announced on Sunday that it received a commitment letter from the China Development Bank for US$250 million to be used for the development of a molybdenum/copper mine. CEO of Moly Mines, Dr. […]