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Manganese prices surge by another 13%, page-113

  1. 27 Posts.
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    Hi Random, yes they are quite the hostile bunch here to anyone who doesn't abide by their OMH ideology. Although I don't have any information about what you are speculating, I can add information to create a bigger picture. OM Sarawak primary supplier of manganese is the Bootu Creek Mine. Record results were achieved during the 2017 Q3 due to "cherry picking" ore available from shekuma and chugga far north. From now on the ore available will mostly be VLGL quality (poop) although 37.7 targeted grade will be found at times. With the mining leases available at the moment, the life span of the mine is 12-18 months (apart
    from the tailings project) This would leave OM Sarawak will decreases quality ore over the next year or so which should result in less profitability and eventually a insecure supply chain if the mine closes. Hence I can understand why would want unload there 25% portion.
 
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