OM Manganese agrees to pay up to $5 mln for mineral rights jv

摘要

OM Manganese will spend as much as A$7.3 million ($5.2 million) toestablish a manganese ore joint venture in Western Australia withcopper-gold-manganese explorer Bryah Resources.Under the agreement, OM Manganese, which is a wholly-ownedsubsidiary of Australia-listed mining and metallurgical group OMHoldings (OMH), can earn an interest in as much as 70% of themineral rights at the Bryah Basin manganese project.