November 22, 2007
Adanac Molybdenum Corporation
Head Office:
Ste 200, 2055 - 152nd St
Surrey BC V4A 4N7
Tel: 604-531-9639
Fax: 604-531-9634
Email: info@adanacmoly.com
Website: www.adanacmoly.com
Key Personnel: Larry W. Reaugh, Executive Chairman; Michael MacLeod, President & CEO; Ed Lee, Executive Vice President
Nature of Ownership: Public
Volume: $270,000,000
Areas of Expertise: Mining
Corporate Profile: New pressures in molybdenum supply and demand have risen to the forefront this millennium where usage of the metal is entering a new era. Asia is finally experiencing an industrial revolution that will strain existing resources for the next several decades. Currently the abundance of existing molybdenum deposits will easily fill increased demand, but are years away from obtaining production. Adanac’s belief is that the 20,000 tonne per day open pit Ruby Creek mine will be the first major primary molybdenum mine to be brought into production and will enjoy the highest prices resulting in rapid payback of investment. Recognizing the moly trend in late 2003 the company implemented its plan to produce their Ruby Creek Molybdenum Deposit by early 2008. Currently the company has an 18 month lead over similar projects.
Major Projects: Ruby Creek, BC; B&C Springs, Nevada; Pine Nut, Nevada; Cucomungo, Nevada.
—updated November, 2007
| MOST POPULAR STORIES |
- Kiewit and Finning Canada workers die in Thormanby Island plane crash
- EarthFirst Canada obtains creditor protection related to Dokie wind energy project
- Metro Vancouver digs deep to hire new contractor for North Vancouver Water Filtration Project
- Victims of Thormanby Island plane crash identified
- Recycling of construction and demolition waste at Water Centre project pays off
- 20 Most Popular Stories
| CURRENT STORIES |
- Victims of Thormanby Island plane crash identified
- Work resumes at Plutonic Power’s Toba Inlet site
- Alberta responds to economic crisis by offering transitional royalty rates to promote new drilling
- RCMP release details of investigation into Thormanby Island plane crash
- La Rive condo takes shape at the edge Calgary’s Elbow River
- Kiewit and Finning Canada workers die in Thormanby Island plane crash
- Metro Vancouver digs deep to hire new contractor for North Vancouver Water Filtration Project
- Canadian construction, engineering companies join push for more federal infrastructure spending
- A call to arms for all Canadian architects to advocate on behalf of their profession
- LEED Canada Initiative continues to evolve and change
- British Columbia bucks September’s building-permits trend
- Laptops become more prominent on Canadian construction sites
- International labour mobility key to weathering current economic storm
- Rocks tumble onto Sea-to-Sky highway again
- Canadian residential real estate now a buyer’s market, according to Scotia Economics
| ALEX’S BLOG |
Reed Construction Data Chief Economist Alex Carrick discusses current developments in Canada's economic environment. He also shares light-hearted reflections on life and current events.
Economics Blog More 
- The Outlook for Canada’s Home Renovation Market (November 21, 2008)
- Labor Markets in a Recession − Production Workers to Take a Pasting (November 20, 2008)
- Canada’s Construction Starts have Underperformed in 2008 (November 14, 2008)
Lifestyle Blog More
- The Most Serious Letter in the Alphabet (November 17, 2008)
- The Wise Old Rooster (November 10, 2008)
| PROJECT NEWS BRIEFS |
Updates on Canadian construction projects from Reed Construction Data’s research team. More
- Great Lands Global Realty begins work on Mona Lisa condominium (Nov 18, 2008)
- Life Construction accepts sub-trade pricing for Bayview Villas townhouse development (Nov 17, 2008)
- Joseph D. Battaglia Architect seeks municipal approvals for North York development (Nov 14, 2008)
- Page+Steele approaches completion of working drawings for Bravo condominium (Nov 14, 2008)
- Burka Architects complete designs for Brownstones on Wallace project (Nov 14, 2008)
