American Manganese Inc. (CVE:AMY) reports that it has received results from the Artillery Peak drilling program. 4526.3 meters (14,850 ft) has been drilled in 53 holes, and the significant results for holes 49-53 are shown in the following table. The drilling program has now been completed and data compilation review and the preparation of an up-to-date NI [...]
American Manganese reports it has received results for drill hole numbers 38 – 43 which are located on the North Maggie zone of the Manganese Mesa. Results for drill holes 1 through 37 have been announced previously. The mineralization at Artillery Peak Mohave County, Arizona takes the form of paleo-alluvial fans spreading out down slope from a [...]
While demand for steel is rising, overproduction and surpluses have put downward pressure on the price of steel, and consequently, manganese. However, strong data shows little signs of weak demand for the metals. Is the downward trend a slowing of emerging economies or simply a price correction? Also, manganese company news, and an interesting development in manganese mining from Korea.
Electrolytic manganese, a crucial component in the production of steel, is wholly under the control of China which produces 97.5 percent of the world’s electrolytic manganese. Listed as a vital strategic metal by the US Department of Defense, two operations in Arizona are looking to fill the need. American Manganese Inc and Wildcat Silver Corporation have released data on their US based operations.
Besides being a critical component in steel and iron production and batteries, on-going research has shown that manganese can be used as a critical component in new technologies. This means investors can sit pretty after taking a long-term investment call on this metal.
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