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Moly Mines third iron ore shipment departs Port Hedland

Marketwire | March 28, 2011 | 2:45 pm Base Metals Australia Iron Ore Molybdenum 
front end loader dumping mining

Moly Mines Limited (TSX:MOL)(ASX:MOL) is pleased to confirm the 3rd shipment of iron ore fines has today sailed from Port Hedland, destination China.

The vessel is carrying 70,202 wet metric tonnes of iron ore grading approximately 60% iron. Final pricing is expected to be in the range of US$160-170/T CFR China.

Shipments for the March 2011 quarter have met forecasts. Ramp up of the mine is now considered complete and production now at steady state. Monthly shipments are scheduled for the remainder of the calendar year with a budget of 820,000 tonnes targeted.

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