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

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.