Moly Mines Reports Quarter Highlights

Moly Mines Limited (TSX:MOL)(ASX:MOL)announced the highlights from its Quarterly Activities report for the period ending March 31, 2010.

The press release is quoted as saying:

Moly Mines becomes cornerstone for Hanlong’s $5 billion investment plans for Australia. US$200 million equity and debt injection from Hanlong.US$500 million Project Finance Loan Facility negotiations advanced with Chinese banks.

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