A New Player in the Manganese Battery Market?

A New Player in the Manganese Battery Market?

Star Minerals is joining forces with Cooperative Mineral Resources and Octopus Technologies in a bid to enter the manganese battery industry. As part of a mine-to-market plan, Star will help Cooperative Mineral Resources develop the Emily manganese-iron project in Minnesota. Meanwhile, Octopus Technologies will help with the technical development of a battery system.

India Forecasts Manganese Demand/Supply Gap by 2020

The Indian Bureau of Mines believes a critical gap between supply and demand will hit the Asian powerhouse by 2020, and has called current manganese mining operations "highly inadequate."

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Company News

Ferrex Raises $1.28 Million Through New Ordinary Shares

Ferrex plc (LSE:FRX) announced it has raised GBP850,000 (US$1,286,774) before expenses through the placing of 127,500,000 new ordinary shares and subscription of 39,500,000 new ordinary shares.

Tshipi Borwa Becomes Fifth Largest Manganese Mine

Tshipi é Ntle Manganese Mining's Northern Cape-based manganese mine, Tshipi Borwa, has become the fifth largest in the world after only operating for two years. Tshipi doubled its first-year production to export 2 million tons of semi-carbonate medium-grade manganese ore last year.

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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

Anglo American Optimistic Despite Loss in Earnings

Mineweb reported that Anglo American plc (LSE:AAL) is optimistic about its financial performance despite a 25-percent drop in EBIT to $4.9 billion and a $3.9-billion impairment charge.

China’s Demand for Manganese Ore Remains at a Standstill

Platts reported that import demand for manganese ore in China is at a standstill this week as buyers look at prices below $4/mtu on a cost, insurance and freight (CIF) basis, likely due to a weak ferroalloys market and the upcoming Lunar New Year holiday.

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.

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