Mount Hope moly project financing ‘within 6 months’
Aug 16, 2013 | 12:13 PM
| Thorsten Schier
NEW YORK General Moly Inc. is aiming to put together a "full finance package" for its Mount Hope molybdenum mine in Nevada "within the next six months or so," according to chief executive officer Bruce Hansen.
The Lakewood, Colo.-based company needs about $800 million in financing to build the $1.27-billion project, according to Hansen, after a loan deal with China Development Bank collapsed due to the detainment of Sichuan Hanlong (Group) Co. Ltd.s chairman, Liu Han (amm.com, May 16). Hanlong was arranging the loan.....
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