Economics
Moly Mines’ Spinifex Ridge Molybdenum Project ‘Sub-Economic’
This article is for subscribers only.
Moly Mines Ltd. doesn’t expect to continue its Spinifex Ridge molybdenum and copper project in Western Australia because of low metals prices.
Weak global molybdenum prices and a strong Australian currency have rendered the project “sub-economic”, the Perth-based company said in a statement today.