Chile’s Molymet to sell 10 pct stake in stock mkt

Molybdenum Investing

On Thursday, Chile’s Molymet (MOL.SN), reported that it plans to sell 10 percent of the company in the stock market to raise $200 million for its expansion plan.

On Thursday, Chile’s Molymet (SCL:MOLYMET), reported that it plans to sell 10 percent of the company in the stock market to raise $200 million for its expansion plan.

The press release is quoted as saying:

The four-year expansion plan is aimed at fulfilling growing demand of molybdenum as the world economy recovers and steel consumption grows in Asia, the company said in a statement.

Click here to access the entire press release

Company News