Company News: Moly Mines
Updated: 22 Sep 2011
The Spinifex Ridge Molybdenum project is ready for immediate construction pending the completion of financing. All environmental approvals have been received and over A$120 million of long lead items of plant have been constructed and delivered to Perth. A smaller 10 million tonne per annum start up mining and processing operation will be implemented for the initial development that will produce on average 11 million lbs of molybdenum in concentrate and 13.5 million lbs of copper in concentrate per annum for the first 10 years.
The Company also has an Iron Ore project which commenced production in late 2010. The project’s expected annual production rate is 800,000-1 million tonnes per annum from deposits located on the same tenements as the Spinifex Ridge Molybdenum Project.
On 23 April 2010 Moly Mines welcomed Hanlong as the Company’s controlling shareholder (55%) following the settlement of the US$200 million equity and debt funding package.
- 46-50 Kings Park Road
- West Perth WA
- Australia
- PO Box 8215
- 46-50 Kings Park Road
- West Perth WA
- Australia
- 6005
Most Recent Company News
- Moly Metals shelves Spinifex - 30 Dec 2011 2:48pm
ASX-listed Moly Mines Ltd is to suspend work on its Spinifex Ridge molybdenum-copper project in Western Australia, citing a strong Australian dollar and weak molybdenum prices worldwide. Read more... - Australia: Performance under pressures - 22 Jul 2011 12:01pm
Australia’s mining sector continues to achieve results despite political and environmental pressures Read more... - Hanlong targets full ownership of Sundance - 22 Jul 2011 12:01pm
Hanlong Mining Investment Ltd’s plans to invest heavily in the industry have continued with a A$1.4 billion (US$1.5 billion) offer for the stake it does not already own in Sundance Resources Ltd Read more... - Moly Mines debt - 01 Jul 2011 11:46am
Moly Mines Ltd has signed debt agreements with China Development Bank (CDB) totalling US$494 million Read more... - Moly Mines funds Spinifex Ridge - 03 May 2011 4:54pm
Moly Mines has secured the remainder of a US$500 million loan required to develop its Spinifex Ridge molybdenum-copper mine in Western Australia. Read more... - Moly Mines completes Spinifex Ridge funding - 15 Apr 2011 11:43am
Moly Mines Ltd has secured the remainder of a US$500 million loan required to develop its Spinifex Ridge molybdenum-copper mine (pictured) in Western Australia Read more... - Hanlong invests further into Australia with Sundance buy - 25 Mar 2011 12:00pm
China’s Hanlong Mining Investment Ltd has bought a stake in iron-ore developer Sundance Resources Ltd previously held by the late Ken Talbot. Read more... - Moly Mines receives financing commitment - 04 Feb 2011 11:16am
Moly Mines Ltd has received a commitment letter from China Development Bank (CDB) for US$250 million of funding for development of the Spinifex Ridge molybdenum-copper mine in Western Australia Read more... - Investor Seminar: Australia Day - Opportunity of proximity - 10 Dec 2010 11:28am
Eighteen companies made presentations at this year’s Australia Day Investor Seminar in London Read more... - Spinifex gets Chinese finance approval - 03 Dec 2010 4:10pm
Hanlong Mining Investment Ltd has received final approval from the Chinese government for its planned financing of the Spinifex Ridge molybdenum-copper project in the Pilbara region of Western Australia. Spinifex is operated by Perth-based Moly Mines Ltd Read more...
No results were found.
General Manager Processing - OK Tedi Mining
Ok Tedi Mining Limited operates a world class open pit mine and copper concentrator located in the Western Province of PNG.
Chief Operating Officer - TiZir Limited
Key Leadership Role with a $600M Joint Venture Project in West Africa, competitive salary package on offer with Residential and FIFO options.
Chief Executive Officer - Tin International Ltd
Tin International Ltd. (“TIN”) is in the process of becoming an ASX listed tin development company with assets located in Germany.
Aspermont and Beacon Events expand their global events partnership
The parent company of Mining Journal, Aspermont Ltd, recently announced it intends to further expand its global events offering with its partner of five years, Beacon Events.
Recently Created or Updated Company News Portals