News Articles

11 Aug 2008

Moly Mines in trading halt

Shares in Moly Mines Ltd have been placed in a trading halt pending an announcement relating to financing activities potentially concerning its Spinifex Ridge molybdenum project.

Government 09 Jul 2008

Minister backs Moly's Spinifex project

Financing of Moly Mines Ltd's $1.1 billion Spinifex Ridge project has been given a boost after the environment minister today gave the go ahead for the project to proceed.

Mining 01 Apr 2008

Moly Mine's Spinifex Ridge resource increase

Moly Mines has announced a major expansion of its Spinifex Ridge molybdenum/copper resource with an increase of more than 100 per cent in its resource tonnage results.

Financial Services 17 Mar 2008

Moly Mines' Spinifex Ridge project facing delays

West Perth-based Moly Mines Ltd's Spinifex Ridge molybdenum project faces delays of at least three months after the company disclosed that it had been unable to complete its financial negotiations and its regulatory approvals in line with its original sch

Mining 15 Feb 2008

$1.1bn Moly Mines contract awarded to Macmahon

Moly Mines Ltd has awarded a $1.1 billion, seven year mining and earthmoving contract for the Spinifex Ridge Molybdenum Project to Perth-based contracting group Macmahon Holdings Ltd.

03 Dec 2007

Moly teams up to bankroll $1.1b project

Moly Mines Ltd has called on global investment banks JPMorgan and Morgan Stanley to help in the proposed financing of its $1.1 billion Spinifex Ridge Molybdenum project.

Financial Services 14 Nov 2007

FMG backer invests $68m in Moly Mines

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.

25 Sep 2007

Cost blowout for Moly Mines

Moly Mines Ltd this week showed it was not unique in the resources sector despite its project being the first molybdenum mine to be developed in Australia.

25 Sep 2007

Moly Mines to push ahead with $1bn Pilbara project

Moly Mines Ltd intends to produce molybdenum from its Spinifex Ridge project by July 2009 after today revealing the results of a definitive feasibility study showing the project was economically viable despite its capital cost jumping to $1.07 billion.

11 Sep 2007

Moly signs native title agreement

West Perth-based Moly Mines Ltd has signed a native title agreement with the Njamal people of the Pilbara, ahead of the planned release of its feasibility study into the $600 million Spinifex Ridge project later this month.

24 May 2007

Moly appoints Azure to replace UK merchant bank

West Perth-based Moly Mines Ltd has appointed local firm Azure Capital as corporate finance adviser for its $600 million Spinifex Ridge molybdenum project, effectively replacing United States merchant bank Taylor-DeJongh.

27 Mar 2007

Northern exposure a boost for Moly

North American money and Chinese engineering are helping West Perth company Moly Mines progress a $620 million mining project in the Pilbara.

08 Feb 2007

Moly considers gold asset divestment

West Perth-based Moly Mines Ltd has entered into a trading halt while it considers a third party offer to purchase gold assets owned by subsidiary Big Island Mining Ltd.

30 Oct 2006

Moly Mines raises $20m in Toronto IPO

West Perth-based Moly Mines Ltd has raised $20 million through its IPO on the Toronto Stock Exchange.

18 Apr 2006

Moly Mines Ltd - 11/04/2006

Is to divest NSW gold assets via a trade sale or separate IPO.

29 Nov 2005

Moly Mines Ltd 22-Nov-05

Lodged response to ASX query

News Articles for Young Australian Mines

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