CDB agrees to General Moly loan terms
Feb 17, 2012 | 02:43 PM
| Thorsten Schier
Tags
General Moly,
molybdenum,
Mount Hope,
Nevada,
China Development Bank,
Bruce D. Hansen
NEW YORK — The Sichuan branch of the China Development Bank (CDB) has agreed to the basic terms underlying its proposed $665-million loan to junior molybdenum miner General Moly Inc.
"The loan facility will now progress through drafting and syndication and is anticipated to be completed, approved and available for drawdown when Mount Hope’s permits are received later this year," the Lakewood,....
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