A report by Global Industry Analysts, Inc., states that demand for manganese is expected to grow significantly over the next few years. The article is quoted as saying: Consumption of manganese in the end-use is projected to surge at a CAGR of more than 5.0% over the analysis period. To read the full story, click [...]
While demand for steel is expected to cool off slightly in 2011, Indian steel manufactures are aggressively seeking raw material acquisitions such as manganese mines in South Africa. India hopes to increase steel production by 67 percent by 2012.
Ecometals Limited (CVE:EC) closes the final tranche of a previously announced non-brokered private placement for gross proceeds of CDN$325,000.
Bloomberg reports that MOIL Ltd., India’s largest producer of manganese ore, is likely to sell shares at the top of the range in its initial offering, raising 12.4 billion rupees.
Sola Resource Corp. (CVE:SL) provides information on the Paraúna Diamond Project, in the Diamantina region of Minas Gerais, Brazil.
China Armco Metals, Inc. (AMEX: CNAM) announces its financial results for the third quarter of 2010.
Steelguru.com explains the reasons, why price of Chinese electrolytic manganese metal has currently risen.
Ecometals Limited (CVE:EC) announces that the company has closed the first tranche of a previously announced non-brokered private placement for up to 26,666,666 units at a price of CDN$0.15 per unit.
Southern Hemisphere Mining Limited (CVE:SH, ASX:SUH) reports the positive Pre-Feasibility Study results of its entirely owned Los Pumas Manganese Project in Chile.
The rising price of manganese has shed light on the lack of infrastructure spending, which has hurt the profitability of manganese operations. South Africa needs to increae the capacity of railway lines and ports to ship out more of the material. Also, India explores the ocean depths for manganese resources.
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