Bootu Creek Shipments Reach Record High – OMH
Mining Weekly reported that OM Holdings' (ASX:OMH) shipments from Bootu Creek reached a quarterly record high.
Mining Weekly reported that OM Holdings' (ASX:OMH) shipments from Bootu Creek reached a quarterly record high.
Platts reported that OM Holdings' (ASX:OMH) expects that production at its Tshipi manganese project will begin at the end of 2012.
Mining Weekly reported that the CEO of OM Holdings (ASX:OMH) says South Africa has some of the world's best manganese geology.
Mining Weekly reported that despite higher production levels, OM Holding's (ASX:OMH) half year profit dropped by a third.
The price of manganese flake in China has been firming up due to curtailed production. Manganese Investing News spoke with Larry Reaugh, CEO of American Manganese Inc. about the factors at play in the manganese market.
Business Insider reported that manganese miners are struggling to maintain control of manganese ore flowing into China.
Mining Weekly reported that OM Holdings (ASX:OMH) decided not to pursue a listing on the Hong Kong Stock Exchange.
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.
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.
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.
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