Moly Mines Ltd has become the latest Western Australian mining company to gain backing from US investment group Harbinger Capital, which has also invested in Fortescue Metals Group, Poseidon Nickel and Po Valley Energy.
Perth-based gas explorer Po Valley Energy Ltd has placed a further 450,000 shares with Harbinger Capital Partners at $1.65 each, raising $742,500 as it moves toward gas production in Italy.
