Hanlong Group Secures 55% of Moly Mines

  • Monday, April 26, 2010
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  • Keywords:Hanlong Group, Moly Mines
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After six months of drawn-out approvals, China's Sichuan Hanlong Group has gained 55% of Moly Mines, which owns the 10 million tpy Spinifex Ridge molybdenum-copper project in Australia.
 
The initial $200 million equity and debt funding deal announced last October required the approval of Australia's Foreign Investment Review Board and Chinese authorities.
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