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Thursday, October 21, 2010

Papua New Guinea miner eying moly sales to China

Reuters cited Mr Les Emery MD of Marengo as saying that Marengo Mining plans to sell 1,500 tonnes of molybdenum to China Nonferrous Metals after striking a funding deal to develop a mine in Papua New Guinea.

China is the world's largest producer of steel making metal molybdenum accounting

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