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Torch River Resources has a 25% interest in an advanced molybdenum property, Red Bird. Reserves have been classified by Giroux Consultants Ltd as 88.21 million tonnes indicated and 63.39 million tonnes inferred.
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Message: INDUSTRY BULLETIN - Rio Tinto spending $270M on molybdenum facility

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INDUSTRY BULLETIN - Rio Tinto spending $270M on molybdenum facility

posted on Jun 13, 08 11:23AM

Dear Shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically Molybdenum supply and demand fundamentals. Please see the attached news regarding Rio Tinto.

"The outlook for molybdenum demand is very strong, driven by the rapid urbanization and industrialization of China and India," Chief Executive Tom Albanese said in a statement.

Rio Tinto spending $270M on molybdenum facility

Rio Tinto spending $270 million to build molybdenum processing unit near Salt Lake City

NEW YORK (Associated Press) - Mining company Rio Tinto PLC said Wednesday it will invest $270 million to build a molybdenum processing facility near Salt Lake City.

Please click here to read the article in its entirety.

Regards,

AGORACOM Investor Relations

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