General Moly Says Mt. Hope on Track for Late 2010 Start

摘要

In an early November update for its Mt, Hope molybdenum project, General Moly CEO Bruce D. Hansen said, "Despite the current difficult credit environment, we continue to be confident that the Mt, Hope project will be able to be financed. Given the project's overall quality, including high grades and low operating costs, in addition to the project's wide support from the steel industry, Mt. Hope continues to be on track to be fully permitted and financed in time for late 2010 startup." The Mt. Hope project is an 80:20 joint venture between General Moly and Korean steel-maker Posco.