https://www.miningweekly.com

Montezuma moves to expedite manganese project

1st March 2018

By: Mariaan Webb

Creamer Media Senior Deputy Editor Online

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Diversified explorer Montezuma Mining is seeking to take advantage of the strong conditions in the commodity markets by expediting work on its Butcherbird manganese project, in Western Australia.

The company has submitted a mining lease application to cover the Yanneri Ridge and Coodamudgi manganese deposits.

Montezuma is currently completing a scoping study on the Yanneri Ridge resource, which will be the initial focus for proposed mining operations. The Yanneri Ridge has an inferred resource of 48-million tonnes at 10.7% manganese and an indicated resource of 22.5-million tonnes at 12% manganese.

The company is aiming to produce high-value products, rather than competing in the traditional bulk commodity manganese market. “While high-purity manganese makes up only 10% of the total manganese market by volume, it accounts for an estimated 40% of the total value in sales,” Montezuma said in a statement on Thursday.

Citing May 2017 research by UBS Global, the company puts an estimated value of $3.6-billion a year to the high-purity manganese market.

“The mining lease application confirms Montezuma’s commitment to progressing the project and the strong belief in its ability to deliver premium manganese products for a number of markets,” the company stated on Thursday.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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