Prices for March delivery of manganese in China have slipped due to fierce competition and excess inventory. The ramp up in manganese production in 2010 seems to have hit a ceiling in the short term. However, long term outlook shows increased demand for the metal going forward.
Many mining companies in the Pilbara region of Western Australia have been consolidating manganese and iron ore operations. Pallinghurst Resources describes their strategy as a ‘steel feed corporation,’ producing all the products for steel milling operations. Also, Consolidated Minerals and OM Holdings are talking merger.
With the eyes of the world on South Africa during the World Cup, electrical company Eskom faces disruptions in power supply. How will the World Cup and a looming workers strike effect power supply to mining operations?
OM Holdings and Jupiter Mines have announced major manganese mining operations in South Africa. Also, American Manganese Inc. is advancing its manganese mine in Mohave County, Arizona.
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