OM Manganese agrees to pay up to $5 mln for mineral rights jv

OM Manganese will spend as much as A$7.3 million ($5.2 million) to establish a manganese ore joint venture in Western Australia with copper-gold-manganese explorer Bryah Resources.

Under the agreement, OM Manganese, which is a wholly-owned subsidiary of Australia-listed mining and metallurgical group OM Holdings (OMH), can earn an interest in as much as 70% of the mineral rights at the Bryah Basin manganese project.

The project is hoped to reach production in the near term, with drilling scheduled...

Published

Janie Davies

April 24, 2019

20:55 GMT

London