While JB is flitting around the world and staying at luxury resort hotels other manganese ore miners are upping production of high grade manganese ore.
"Eramet's manganese mine in Ga*b*on reached is new full capacity of 7.5-million mtpy and is the world’s largest. The mining unit’s EBITDA was €722-million in 2022, up 87% from 2021, due to increased sales, 13%, higher prices and foreign exchange. The f.o.b. cash cost of manganese was US$2.30 per dmtu, up 10¢ from 2021. "
Eramet is now the world's largest manganese ore producer at 7.5 million tonnes annually and holds 25% of the world's Mn ore reserves.
A little different to the BS published by E25 some years ago which stated that Ga*b*on only had 20 million tonnes of Mn ore reserves.
Meanwhile Tshipi Borwa mine is planning to up production from 3.3 million tonnes to 5 million tonnes annually, meanwhile E25 struggles to produce 1,000 tonnes/day at a C1 cost of US$6/dmtu.
E25 Price at posting:
79.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)