Latest news with #manganese
Yahoo
20-07-2025
- Business
- Yahoo
Australia's South32 logs higher fourth-quarter manganese output
(Reuters) -Australian diversified miner South32 reported higher fourth-quarter manganese ore production on Monday, boosted by a recovery in export shipments from its Australia manganese operations. The company's Groote Eylandt Mining Co (GEMCO) project in Australia's Northern Territory faced inclement weather in early 2025, making it difficult to get production back on track after a tropical cyclone damaged the site's vital infrastructure a year ago. "Australia Manganese successfully resumed export shipments during the quarter, marking a significant recovery from the impacts caused by Tropical Cyclone Megan," the company said in a statement. The world's largest producer of manganese, which is used to improve the quality and strength of steel, clocked output of 1.1 million wet metric tons (wmt) of the steel-making ingredient for the quarter ended June 30, up from 534,000 wet metric tons a year earlier. The result beat a Visible Alpha consensus estimate of 850,000 wmt, as per Barrenjoey.
Zawya
18-07-2025
- Business
- Zawya
South Africa: Transnet signs 10-year deal to transport UMK's manganese
Transnet has signed a 10-year deal with United Manganese of Kalahari (UMK) for the transportation of manganese by rail from UMK's mine in the Northern Cape to ports for export markets. UMK is the first major miner to sign the Manganese Export Capacity Allocation (MECA) 3 agreement. Through the MECA programme, Transnet allocates rail and port capacity to manganese producers in South Africa for their export volumes. Transnet group chief executive Michelle Phillips said: 'We are encouraged by the vote of confidence expressed by UMK through their long-term commitment as part of the MECA programme.' Malcolm Curror, UMK CEO, said that reliable rail freight services remain a key contributor to the South African industry. 'By enabling the efficient movement of bulk commodities such as manganese, MECA not only positively adds to our national export capability but also to a greater competitive revitalisation of the country's logistics network.' He added that this is essential for sustaining economic growth and attracting further investment across all sectors. Curror further noted that the MECA agreement holds significant and broader relevance to the current national dialogue regarding the mining sector in South Africa. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
News.com.au
10-07-2025
- Business
- News.com.au
Ten Bagger: Manganese back on the menu as investors feast on Black Canyon
Welcome to Ten-Bagger, where Lowell Resources Fund chief investment officer John Forwood gives us his take on a sector of the ASX resources market full of value. This month, John tells us about a manganese explorer emerging on the radar for investors thanks to its high grade drill hits. Manganese is a key commodity feeding steel and, to a much lesser extent, battery supply chains. For years its price has fluctuated wildly, with the scale of the market's major exporters leaving it vulnerable to supply shocks. One critical supplier, South32 (ASX:S32) and Anglo American's 60-40 owned Groote-Eylandt Mining Company off the coast of the Northern Territory of Australia, showed how fragile markets could be after a cyclone in March 2024 knocked out key port infrastructure. Exports only resumed in May with the long-term absence of the high quality GEMCO product sending average manganese prices for last year between 16-18% higher across a range of product grades. Yet larger, and more lasting storms could be brewing for manganese supply, particularly of the high grade variety. GEMCO is dealing with its impending mortality. Operating since 1964, its mine life is now in the single digits. Woodie Woodie, the long-standing operation in WA's Pilbara now run by Chinese-controlled ConsMin is getting on, with some reports putting stripping ratios there in the order of 20:1 and above. And over in West Africa's Gabon, which exports a 45.5% lump product representing 23% of the seaborne trade, its government has proposed a plan to phase out exports in a bid to force producers like France's Eramet to upscale domestic downstream processing plants. "Gabon is the world's second largest supplier, exporting 7.03Mt in 2024, representing 23% of world trade. The country mines high quality (over 40% Mn) oxide ore suitable for both the production of ferroalloys and the manufacture of battery components," analysts from Project Blue noted last month. "The ore exports ban will affect Chinese consumers who rely on blending ore from various sources, as well as Eramet's own plants in Norway and France." Opportunity abounds That means any significant new high-grade manganese discovery could be treated very warmly indeed by both customers and investors. "GEMCO has recently come back online and that's 10 to 15% of the global market," Lowell Resources Fund (ASX:LRT) chief investment officer John Forwood said. "But A, it won't last forever and B the product grade is ~43% concentrate, but actually the in situ grade is a hell of a lot lower. I've heard it's about 21%. "The other thing to note on the supply side is Gabon, which is the second largest producer of manganese in the world, has said from 2029 it's not going to allow export of any unrefined manganese. "It's trying to do what Indonesia did with nickel in terms of value add to its raw mineral products. If that happens that could be a price shock in the mid term." Historically there have been two main exposures to manganese on the ASX. South32 is one, though GEMCO is buried within a diversified portfolio leveraged more to aluminium, base metals like copper and zinc and, until recently, met coal. Jupiter Mines (ASX:JMS) is a stable producer of lower grade manganese from its half-owned Tshipi mine in South Africa, but could find itself in takeover territory with South African-based Exxaro Resources making a play for its JV partner Ntsimbintle Mining and taking a strategic stake in JMS. Stellantis and GM sponsored Element 25 (ASX:E25) is trying to take low grade manganese from its Butcherbird deposit in the Pilbara and process it into battery grade high purity manganese sulphate at a proposed plant in Louisiana. Firebird Metals (ASX:FRB) is aiming to do something similar with its Oakover deposit, but with Chinese partners at an industrial park in Jinshi, Hunan Province, which will initially use high grade Gabonese ore from Eramet as a feedstock. Also operating in the Pilbara is Black Canyon (ASX:BCA) which, like E25 and Firebird, owns a large low grade orebody at Balfour consisting of 314Mt at 10.4% Mn – WA's largest by tonnage. But it's the company's higher grade discovery at the pre-resource Wandanya that has fund managers like Forwood interested and the ~$23m company's shares up 157% YTD. Wandanya Forwood says Wandanya has some similarities to Woodie Woodie, which sits just 80km to the north. But it has some key differences. One of those is the high strip ratio the vintage Woodie Woodie mine now operated at. "Whereas Wandanya in the grade could be similar, the strip ratio is almost definitely going to be very low. It could be less than five to one, so mining costs should be pretty attractive," he told Stockhead. Grades from drilling at Wandanya have clocked in at between 29-31% Mn, well above those seen in the Balfour field. While a scoping study estimated Balfour could be upgraded to a Mn concentrate of 35% Mn, similar to South African mines like Tshipi, early testwork on material from Wandanya has upgraded the material to a premium 48-50%. There's also a high grade hematite iron ore zone sitting above the manganese horizon, with Hole WDRC057 from the most recent RC drill program there striking an intersection of 12m at 60.1% Fe from 5m including 7m at 64.2% Fe from 7m. BCA said the results supported the logging of high grade iron mineralisation over hundreds of metres of strike, remaining open to the north. Manganese mineralisation has been mapped for at least 2km open to the northand east, with assays from 98 drill holes still to come in over the next couple months and drilling expected to resume in August. "It's very early days in terms of the discovery, but they have intersected some really attractive grades that are much higher than what might be in situ in Groote Eylandt," Forwood said. "If that's borne out, I don't think Wandanya needs to wait for Groote Eylandt to start coming off stream." "It could have some pretty attractive economics, particularly as it looks like there is a high-grade iron ore zone which might fall partly within the same pit as the high grade manganese zone. "Your waist-stripping ratio comes right down if some of that non-manganese material is actually high-grade iron ore and you might end up with an extremely low operating cost after byproduct credits."
Bloomberg
27-06-2025
- Business
- Bloomberg
Gabon, Afreximbank Sign $3.8 Billion Accord on Manganese, Gold
Gabon's government signed a $3.8 billion memorandum of understanding with the African Export-Import Bank to fund the development of manganese, gold trading, energy and rail infrastructure. The central African nation is the world's second-biggest producer of manganese, a mineral that's used to harden steel produced for construction, and one of the smallest members of OPEC+, pumping 220,000 barrels of crude per day. The agreement was signed at Afreximbank's annual general meeting in the Nigerian capital, Abuja, on Friday.
Yahoo
20-06-2025
- Business
- Yahoo
Euro Manganese signs offtake term sheet with Integrals Power
Euro Manganese has signed an offtake term sheet with UK-based Integrals Power to supply high-purity manganese sulphate for next-generation lithium manganese iron phosphate (LMFP) batteries from the company's Chvaletice Manganese Project in the Czech Republic. The collaboration aims to strengthen the LMFP battery supply chain, crucial for electric vehicles and grid-scale storage. The offtake term sheet outlines a seven-year supply agreement from the first commercial production of Euro Manganese's Chvaletice Manganese Project, with options for renewal. The pricing will reflect market indicators and include a cost-sharing arrangement for the initial test work. Euro Manganese CEO Martina Blahova said: 'We are excited to partner with Integrals Power to advance new battery technologies. 'IPL's innovative cathode materials are at the forefront of the global transition towards safer, more sustainable and cost-effective battery solutions and are designed to support a wide range of applications. We look forward to supplying fully traceable, responsibly produced products that enhance energy efficiency and drive emissions reduction." Integrals Power, a company specialising in innovative battery nanomaterials, is set to incorporate Euro Manganese's High Purity Manganese Sulphate Monohydrate (HPMSM) into its LMFP cathode materials. The initial test work to assess compatibility and performance is scheduled for the third quarter of 2025 (Q3 2025). Integrals Power CEO Behnam Hormozi said: 'Our collaboration with Euro Manganese is a major step forward in securing a reliable, traceable and local supply of high-purity manganese – a key ingredient in our LMFP cathode materials. 'This partnership enhances Integrals Power's ability to scale cathode production sustainably while supporting the growing demand for high-performance battery technologies across UK and Europe. It aligns perfectly with our mission to build a resilient, transparent supply chain that underpins the energy transition.' Euro Manganese recently secured a financing package worth $8m (C$10.98m) to develop the Chvaletice Project. The package, approved by shareholders on 15 May 2025, includes a private placement and contributions from a share purchase plan. "Euro Manganese signs offtake term sheet with Integrals Power" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
