Ferrex and Cancana Moving Forward in Manganese Market

Ferrex and Cancana Moving Forward in Manganese Market

Ferrex and Cancana Resources both had good news to share this week. Ferrex and Cancana Resources both had good news to share this week. Ferrex announced that it has been granted an environmental permit for its Nayega project in Northern Togo, while Cancana Resources provided a Q3 update on behalf of Brazil Manganese Corporation.

Manganese Market Rocked by Odisha’s Mining Ban

Manganese supply was dealt a blow last Friday when India's Supreme Court passed a limited mining ban on the state of Odisha, which produces more than 50 percent of the country's manganese and iron ore.

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Company News

Gulf Minerals Makes Progress on Switch to Manganese

Mining Weekly reported that Gulf Minerals Corporation Ltd. (ASX:GMC) plans to divest its 51-percent interest in its Northern Territory copper exploration tenement to Redbank Copper Ltd. (ASX:RCP), its partner.

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Company Videos

INN Video: Andrew Male of Cancana Resources

Andrew Male, CEO of Cancana Resources (TSXV:CNY) spoke with the Investing News Network at PDAC in Toronto and told us why investors should consider projects that are "near-term production and with cash-flow and financing already in place", as well as the Company's upcoming catalysts in 2013.

Market News

Australian Manganese Train Hits Four-wheel Drive

Australian Mining reported that according to Northern Territory police, a manganese freight train has collided with a four-wheel drive that was stuck on the train tracks.

Manganese Ore Prices Holding Steady

Platts reported that manganese ore prices to China firmed today, with the 44-percent variety hitting $4.20 per dry metric ton unit CIF Tianjin.

Chinese Manganese Ore Prices Steady Today

Metal Bulletin reported that Chinese manganese ore prices stayed steady today "as large miners held offers and buyers waited for direction."

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