TurkPower Corporation to Merge With Producing Junior Manganese Mining Company ACM Corporation
TurkPower Corporation (OTCBB:TRKP) announced plans for a merger with ACM Corporation.
TurkPower Corporation (OTCBB:TRKP) announced plans for a merger with ACM Corporation.
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.
Reunion Gold Corporation (CVE:RGD) reported further exploration results from its Matthews Ridge manganese project in the North West of Guyana, South America.
The Australian reported on billionaire Gennadiy Bogolyubov's manganese investments in Australia.
Vanguard reported that AFRECO is planning a significant manganese investment in Nigeria.
The price of manganese is a good barometer for the health of an economy primarily because of its use in steel, a prime component of infrastructure projects. The price has moved lower, but remains stable. Also, improvements to South African railways are planned to meet new demand from new, massive manganese projects.
Bloomberg reported that higher ore prices boosted Assore (JNB:ASR) to more than double its previous year's profit.
American Manganese Inc. (CVE:AMY) reports a detailed technical paper "New Developments in the Recovery of Manganese from Lower Grade Resources" has been accepted for publication journal.
American Manganese Inc. (CVE:AMY) reports its initiation on a detailed exploration program of prospecting, mapping, soil and rock sampling and limited geophysics on its 9956 hectare (24,602 acre) property, New Hazelton, BC.
Mining Weekly reported that despite higher production levels, OM Holding's (ASX:OMH) half year profit dropped by a third.
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