manganese updates

Comments about manganese and electrolytic manganese made by financial commentator Chris Berry, in an April 22nd interview with The Gold Report;

"CB: The demand for steel is clearly emanating out of Asia, as that region continues its infrastructure buildout unabated. Manganese is critical in steel manufacturing and, as such, deposits around the world should be given a good, hard look by investors. Electrolytic Manganese Metal (EMM) is interesting in that its production, effectively, is controlled by a single country, China, to the tune of 97%. With the size and scale of the infrastructure buildout happening there, it is no surprise that China controls its production. And it stands to reason that more and more of the EMM produced could be kept onshore to eliminate any need to import this critical element. Electrolytic manganese metal is used to upgrade steel, aluminum alloys and electronics and it is a 2.6 billion-pound-per-year (Blb./year) market growing at 26%".

Read the full interview and more about Chris Berry here

Another article that might be of some interest to SRR followers. This one is a press release (promoting a full report for sale) with a few free points about manganese and India, another burgeoning market for Mn Ore.

Read press release

And finally, OM Holdings major shareholder Consolidated Minerals sold $405 million of senior secured notes in a private placement last Thursday. Consmin have an 11.4% shareholding in OM Holdings. OM Holdings have an approx 11% interest in Shaw River Resources. Consmin is a leading manganese ore producer with operations in The Pilbara (Woodie Woodie near SRR's Barramine) and Ghana. Net proceeds of the issue will be used for repayment of shareholder loans and for general corporate purposes. Will be interesting to see if any of the funds are used for capital expansion or takeover purposes?

Reuters report on Consmin placement

Lest We Forget. Have a great week all.