Hithe following is a note from moldenum.com dated 15 Nov http://www.molybdenum-sheet.com/show_news04.asp
Moly Mines delayed commencing the Spinifex Ridge mine once the around the earth financial turmoil froze lending and curbed need using the metal, which could be employed in steelmaking. Hanlong Mining will provide or arrange $700 million of funding using the assignment such as unsecured debt and equity, based on an regulatory filing. Officials from Hanlong and China growth bank loan provider will holiday to Perth this thirty day period for additional funding talks, based on today's statement.
MOL Price at posting:
38.0¢ Sentiment: None Disclosure: Held
