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News

OMH secures major interest in manganese project

30 October 2009

OM Holdings Limited (OMH) has bought a large stake in the Tshipi é Ntle manganese project in the Kalahari Basin, South Africa. It has acquired 49.9% equity from co-investors.

The Tshipi Kalahari Manganese Project has a mineral resource estimate of approximately 163 million tonnes with an expected mine life of over 60 years. Its projected production capacity is between 2.2 to 2.3 million tonnes per annum of run-of-mine metallurgical ore.

OMH says that the project will help it become a leading globally integrated manganese companies. “This transaction represents the first major step towards our objective of increasing OMH’s manganese ore resource base more than five-fold, and at the same time begins the process of building a major steel making raw materials business,” said Low Ngee Tong, OMH’s executive chairman.

 

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