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    Moly Mines Enters New Financing Alliance With CDB

    Investing News Network
    Dec. 28, 2011 12:02PM PST
    Base Metals Investing

    Moly Mines Limited (TSX:MOL) has signed a Memorandum of Understanding with China Development Bank Corporation to finance new mining projects.

    Moly Mines Limited (TSX:MOL) has signed a Memorandum of Understanding with China Development Bank Corporation to finance new mining projects.

    As quoted in the press release:

    Under the Strategic Alliance, CDB will consider providing financial support (including loans) for projects on terms with a similar commercial effect to CDB as those set out in the existing US$454 million Syndicated Facility Agreement (SFA) for the Spinifex Ridge Molybdenum / Copper Project.

    Click here to read the Moly Mines Limited (TSX:MOL) press release.

    chinamining projectstsx:molmoly mines
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