[Ferro-Alloys.com]General Moly has begun preliminary construction activities at the Mt. Hope Moly project in Nevada. Ames Construction is clearing the administrative office and mill site areas as well as clearing the water pipeline corridor in preparation for developing the well field and water distribution system to support heavy construction activities, scheduled to start in the spring. Optioned by Idaho General Mines (now General Moly) in 2004, the Mt. Hope mine has had a long haul in terms of obtaining appropriate permits and raising capital, much of which was conditional on completing the permitting process. With an expected mine life of over 40 years, Mt. Hope contains 1.3-billion lb of moly in proven and probable reserves. General Moly expects to produce 40-million lb of Mo over the first five years of operation. Hanlong and the China Development Bank are providing the lion’s share of financing for the $1.284-billion project.