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China Moly bolsters balance sheet

A copper and nickel rally alongside a spate of positive quarterly results combined to see the majority of leaders by market capitalisation post healthy gains in the past week.

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China Moly spent $2.65 billion acquiring a 56% stake in Tenke Fungurume

China Moly spent $2.65 billion acquiring a 56% stake in Tenke Fungurume

This might have been the general trend, but China Molybdenum’s (HK:3993) 12.5% boost was more to do with its own corporate housekeeping. The copper, cobalt, molybdenum, niobium, potash and tungsten producer...

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