Fatal mine accident seen squeezing moly mart

Oct 14, 2005 | 10:45 AM | Vivian Teo

The supply of molybdenum ore in China could tighten further after an attempted theft from a closed mine in Huludao resulted in 10 deaths.

The incident is expected to prompt authorities to clamp down on illegal mining in the area. Moreover, the mine and other molybdenum operations in the Lianshan region, closed since February, are now unlikely to reopen until next year at the earliest, according to market sources.

Nineteen would-be ore thieves entered the Xiaomagou Mine in the Lianshan area of northeastern Liaoning province Oct. 2, Chinese state news agency Xinhua reported. The group was overcome by poisonous gases, which killed 10 of them, reports said. Further details were unavailable.....

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