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Moly Mines Says China’s CDB Ups Loan for Australia Project
Apr. 11, 2011 07:57AM PST
Industrial MetalsReuters 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.