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 to...

Published

Janie Davies

April 24, 2019

20:55 GMT

London