Posco / South Korea Acquires 20 percent Interest In Mo Project By General Moly / USA

摘要

General Moly, Inc. ( GMO ) of the USA announced on the 18th of December that it has entered into a letter of intent with Posco, a major steel company of South Korea, pursuant to which Posco will have the right to acquire a 20 percent interest in GMO's Mount Hope Molybdenum Project ( Mount Hope Project ). Posco will invest 170 million US dollars in this project.