Ivanhoe Australia Puts A$337m Price Tag on Moly/Rhenium Project

Mining Weekly reported that A$337 million is required to prepare Ivanhoe Australia’s (ASX:IVA) moly-rhenium project to production.

As quoted in the market news:

Merlin would produce an average of 5 030 t of molybdenum and 7.2 t of rhenium a year over an initial life of ten years. First saleable production is expected in the first quarter of 2014, following the start of concentrate production from the third quarter of the previous year, Ivanhoe Australia reported.

Click here to read the full Mining Weekly report.