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    market news

    Moly Mines Says China’s CDB Ups Loan for Australia Project

    Investing News Network
    Apr. 11, 2011 07:57AM PST
    Industrial Metals

    Reuters Africa reported that China Development Bank increased its funding of Moly Mines’ (ASX:MOL) moly-copper project in Australia.

    Reuters Africa reported that China Development Bank increased its funding of Moly Mines’ (ASX:MOL) moly-copper project in Australia.

    The market news is quoted as saying:

    The company said CDB raised its financing commitment to $465 million and will give another $35 million in working capital, to match Moly Mines majority shareholder Hanlong Mining Investment’s $500 million proposed investment for the project.

    To read the full market news, click here.

    market newsasx:molchinahanlong miningaustraliamoly mines
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