Moly Mines Limited: Award of Crushing Contract Iron Ore Activities on Schedule Molybdenum/Copper Project Financing Update

Moly Mines Limited (TSX:MOL, ASX:MOL) reported that it has awarded a 5 year crushing contract to Perth based Rapid Crushing and Screening Pty Ltd for the 1 million tonne per annum Spinifex Ridge Iron Ore Project.

The press release is quoted as saying:

The RC&S circuit has the capacity to expand throughput to 1.3 million tonnes per annum with no additional capital. The plant will be mobilized to site to commence crushing in the second half of October. This continues the planned schedule of contract awards required to meet the first shipment date for the Spinifex Ridge Iron Ore Project by early December 2010.

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