Home : April 2011 : April 11, 2011 News : Moly Mines Limited: China Development Bank Approves US$500 Million Project Finance Facility for the Spinifex Ridge Molybdenum/Copper Project

Moly Mines Limited: China Development Bank Approves US$500 Million Project Finance Facility for the Spinifex Ridge Molybdenum/Copper Project

April 11, 2011

TORONTO, ONTARIO--(Marketwire - April 11, 2011) - Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to announce it has been advised by Hanlong Mining Investment Pty Ltd ("Hanlong"), that the China Development Bank ("CDB") has approved US$500 million in project finance facilities to develop the Spinifex Ridge Molybdenum / Copper mine.

http://www.marketwire.com/mw/release.do?id=1425483&sourceType=3
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