Ann: Dividend Received of A$21 Million, page-18

GLOBAL MANGANESE WRAP: Price for low-grade ore into China drops while high-grade ore up
Manganese ore prices were mixed for the week ended Friday October 12, with low-grade material into China sliding due to increased liquidity following the end of the Golden Week holiday while higher-grade product ticked up in what one miner called a balanced market.
Meanwhile, alloy prices fell in Europe but were flat in India and the United States. Low-grade manganese ore price falls sharply; high-grade ore rises. Chinese ferro-manganese price stable. Indian alloy price unchanged. European high-carbon ferro-manganese price slides. US alloy prices unchanged. The 37% manganese ore price into China fell last week but opinions varied widely on where the market was headed. Fastmarkets MB’s 37% manganese ore index cif China fell by 26 cents to $6.64 per dry metric tonne (dmtu) on Friday from $6.90 per dmtu one week earlier, and the 37% manganese ore index fob Port Elizabeth dropped by 27 cents to $5.95 per dmtu from $6.22 per dmtu in the same comparison. High sales prices from miners, which were recently reported at up to $6.95 per dmtu, seemed to dry up with all reported deals taking place at $6.60-6.70 per dmtu. Miners could still push prices higher, one market source said.