Last A$0.07 AUD
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As of 12:16 AM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

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moly mines ltd (MOL) Details

Moly Mines Limited, together with its subsidiaries, is engaged in the mining, exploration, and development of mineral resources primarily in Australia. It operates through Spinifex Ridge Molybdenum/Copper Project and Spinifex Ridge Iron Ore Project segments. The company holds Spinifex Ridge molybdenum/copper project, which is located in the Pilbara region of Western Australia. The company was incorporated in 2003 and is based in West Perth, Australia. Moly Mines Limited is a subsidiary of Hanlong Mining Investment Pty Ltd.

Founded in 2003

moly mines ltd (MOL) Top Compensated Officers

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moly mines ltd (MOL) Key Developments

Moly Mines Ltd. Reports Unaudited Operating Results for the Period Ended September 30, 2014

Moly Mines Ltd. reported unaudited operating results for the period ended September 30, 2014. For the period, MRL has advised Moly Mines Limited that 272,987 tonnes of iron ore has been transported from Spinifex Ridge during the September quarter. Operational control at Spinifex Ridge will transition back to MOL as the end of the economic minelife approaches. The Spinifex Ridge Molybdenum /Copper Project remains on care and maintenance.

Moly Mines Limited Announces Board Appointments

Moly Mines Limited announced the appointments of Mr. Gregory Jones and Mr. Anthony Martin as Independent Non-executive Directors and the appointment of Hanlong nominee Mr. Lou Guo Qing as a Non-executive Director. Mr. Lou is the Managing Director of Hanlong Group. He was formerly the president of China Construction Bank, Panzhihua Municipality branch in Sichuan province and has over 26 years of experience in credit management and financial investment.

Moly Mines Ltd. Reports Consolidated Earnings Results for the Six Months Ended June 30, 2014

Moly Mines Ltd. reported consolidated earnings results for the six months ended June 30, 2014. For the six months, the company reported loss before income tax of AUD 1,946,000, net loss after tax of AUD 1,946,000, total comprehensive loss of AUD 1,946,000 or 0.51 cents per basic and diluted share on sales revenue- iron ore of AUD 12,731,000 against profit before income tax of AUD 4,329,000, net profit after tax of AUD 4,329,000, total comprehensive income of AUD 4,329,000 or 1.11 cents per diluted per share on sales revenue- iron ore of AUD 53,625,000 for the same period a year ago. Net cash flows used in operating activities was AUD 5,610,000 against net cash provided by operating activities of AUD 9,116,000 for the same period a year ago. Payments for plant and equipment were AUD 19,000 against AUD 23,000 for the same period a year ago. Payments for mine property development activities was AUD 400,000 against AUD 375,000 a year ago.


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