Japans largest ferroalloys producer, Nippon Denko Co.
Ltd., has acquired a 12.25-percent stake in South Africas
Kudumane manganese ore project from Asia Minerals Ltd.
The value of the deal
was not disclosed.
AML has a 49-percent share in the mine, where production began
this year. The 1.5-billion-rand ($150-million) project is
expected to produce 1.5 million tonnes per year initially,
eventually rising to 3 million tonnes per year in around seven
years time. It has an estimated life-span of 30
"The Kalahari area of South Africa contains 80 percent of
the worlds manganese ore deposits. In order to secure
sources of the raw material for our manganese ferroalloy
operations and avoid market fluctuations, we need to invest in
the area," Nippon Denko said.
A version of this article was first published by AMM sister
publication Metal Bulletin.