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Moly Mines Limited: Spinifex Ridge Molybdenum/Copper Project Financing-NDRC Approval
Dec. 03, 2010 08:00PM PST
Industrial MetalsMoly Mines Limited (TSE:MOL,ASX:MOL) announces that the immediate parent entity of Hanlong Mining Investment Pty Ltd has received the key Chinese government approval in the process toward completing the financing for the Spinifex Ridge Molybdenum/Copper Project.
Moly Mines Limited (TSX:MOL,ASX:MOL) announces that the immediate parent entity of Hanlong Mining Investment Pty Ltd has received the key Chinese government approval in the process toward completing the financing for the Spinifex Ridge Molybdenum/Copper Project.
The press release is quoted as saying:
The National Development and Reform Commission (“NDRC”) of the People’s Republic of China has confirmed its permission for Chinese funding to be allocated to the development and construction of the 10 million tonne per annum Project.
Click here to access the entire press release