https://www.miningweekly.com
Export|Mining|PROJECT|Equipment
Export|Mining|PROJECT|Equipment
export|mining|project|equipment

Premier reaffirms basis of further purchase in MN Holdings

26th May 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Aim-listed Premier African Minerals has reaffirmed the basis for the proposed purchase of a further 7% in MN Holdings (MNH), the owner and operator of the Otjozondu manganese mining project in Namibia.

Premier's proposed additional purchase is based exclusively on the independent valuation for further plant and equipment that MNH has acquired.

This proposed purchase is priced at the identical valuation used in the first purchase and does not consider any other project valuation basis or trading.

Nevertheless, Otjozondu has confirmed that anticipated gross export tonnages of manganese lump ore are now up to 5 600 t a month at an average grade of about 34% manganese.

At this level of export, and on the basis of ruling prices and terms, this equates to about 190 400 dry metric tonne unit.

MNH has further confirmed that its existing dividend policy is to distribute cash surpluses after provisions for taxes, royalties, expansions and appropriate reserves on a quarterly basis.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

John Deere (Pty) Ltd
John Deere (Pty) Ltd

In 1958 John Deere Construction made its first introduction to the industry with their model 64 bulldozer.

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.072 0.107s - 103pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: