Creston slows development of Mexican moly project

Dec 24, 2008 | 08:49 AM | Mick Bowen

Creston Moly Corp., Vancouver, British Columbia, has decided to put the brakes on the development of its molybdenum project in Sonora state, Mexico, in an effort to hold on to cash in a tight market.

"The presumed inability of most, if not all, mining projects to acquire adequate funding for ongoing projects at this time is a clear indication that while the company must move forward it is best to do so in a more measured and cash-conservative manner and monitor all markets," chairman Colin K. Benner said in a statement.....

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