Moly Rises on Financing News | INN

Apr. 12, 2011 11:12AM PST

Mining Weekly reported that shares of Moly Mines are up after its announcement that a Chinese investor is doubling its funding.

Mining Weekly reported that shares of Moly Mines (ASX:MOL) are up after its announcement that a Chinese investor is doubling its funding.

The editorial is quoted as saying:

Moly said Hanlong Mining Investment had told it the China Development Bank would now provide $500-million to expand the operation.

To read the full editorial, click here.

asx:mol molybdenum investing china hanlong mining moly mines

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