Moly Mines Ltd says it will instigate a "concerted" cost reduction program across all its activities to conserve cash, as it successfully draws down the remainder of its $US150 million ($A220 million) interim facility.

Moly Mines Ltd says it will instigate a "concerted" cost reduction program across all its activities to conserve cash, as it successfully draws down the remainder of its $US150 million ($A220 million) interim facility.