Mining Weekly reported that according to Gabon's Mines Minister, BHP Billiton (ASX:BHP,LSE:BLT) will meet with the government of Gabon on April 16 to finalize a convention for the development of a manganese mine.
The price of manganese, an essential ingredient in steel production, has been declining, down some 40 percent year-over-year. Upwards of 12 million tonnes of new supply is coming from South Africa, weight down prices. However due to issues with Chinese manganese production, the country will have to increase imports.
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