Moly Mines Discontinues Spinifex Ridge

- December 28th, 2011

Bloomberg reported that Moly Mines (ASX:MOL) has cancelled its planned Spinifex Ridge moly-copper project.

Bloomberg reported that Moly Mines (ASX:MOL) has cancelled its planned Spinifex Ridge moly-copper project.

As quoted in the market news:

Weak global molybdenum prices and a strong Australian currency have rendered the project “sub-economic”, the Perth- based company said in a statement today.

Click here to read the full Bloomberg report.

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