MOIL Looking at Stake in Manganese Reserves in Peru

Mining Weekly reported that Indian miner MOIL is expressing interest in manganese reserves in Peru in support of their initiatives to increase presence in the Latin American market.

As quoted in the market report:

The Maravilloso mine, owned by Melrose Mines & Minerals, has four manganese ore concessions with reserves estimated at 2.95-million tons and MOIL has shown interest in investing in these assets, sources in the company said.

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