Moly flags smaller stage 1 for Spinifex Ridge

THE dramatic plunge in the molybdenum price has forced Moly Mines to propose a staged development for its flagship Spinifex Ridge molybdenum and copper mine, in Western Australia’s Pilbara region, which is expected to halve start-up capacity at the mine.

Moly flags smaller stage 1 for Spinifex Ridge Moly flags smaller stage 1 for Spinifex Ridge Moly flags smaller stage 1 for Spinifex Ridge Moly flags smaller stage 1 for Spinifex Ridge Moly flags smaller stage 1 for Spinifex Ridge

In its quarterly activities report, the Perth-based junior said its internal technical team was now focusing on a smaller-scale mine and plant with capacity of 8-10 million tonnes per annum -