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.
Ecometals Limited (CVE:EC) announced the signing of a nonbinding Memorandum of Understanding to form a Joint Venture company with Jipa y Asociados.
Metal-pages.com reported that Chinese minor metals weekly roundup - Magnesium, APT, selenium continue to firm:
South Africa is threatening to seize interest in mining companies that fail to have mandated levels of black ownership by 2014. Opposed by labor unions and business leaders, laws such as these are becoming more common around the world. India has also changed royalty and profit sharing rules towards mining companies in an effort to help displaced people.
Reunion Gold Corporation (CVE:RGD) announced that its wholly owned subsidiary, Reunion Manganese Inc., has been awarded by the Government of Guyana four (4) prospecting licenses (PLs) to conduct exploration and development activities for manganese in the North West District of Guyana, South America.
Businessspectator.com.au reported on Missing BHP's Potash point:
GLOBEX MINING ENTERPRISES INC. (TSX: GMX) reported that it has acquired 100% interest in a block of 28 claims covering 588 hectares and a strike length of 6 km in the Woodstock area of New Brunswick.
On Monday, South African diversified miner African Rainbow Minerals (JNB:ARIM) reported a 26 percent drop in full-year headline earnings, hit by a strong rand and lower prices for iron ore and manganese.
Vena Resources Inc. (TSE:VEM) announced that Henkle and Associates (Henkle) has completed the second phase of an ongoing program to confirm and enlarge the resource of the Azulcocha underground Zinc/Manganese mine in Junin, Peru.
Ecometals Limited (CVE:EC) announced that the Instituto de Meio Ambiente Pantanal (IMAP), under the authority of the Secretaria do Meio-Ambiente do Estado do Amapá (SEMA), has issued the following environmental permits to Ecometals Manganese do Amapá Ltda for the Serra fo Navio manganese project.
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