OM Manganese will spend as much as A$7.3 million ($5.2 million) to establish a manganese ore joint venture in Western Australia with copper-gold-manganese explorer Bryah Resources, Fastmarkets heard on Wednesday April 24.
Under the agreement, OM Manganese, which is a wholly-owned subsidiary of Australia-listed mining and metallurgical group OM Holdings (OMH), can earn an interest in as much as 70% of the mineral rights at the Bryah Basin manganese project.The project is hoped to reach production in the near term, with drilling scheduled to...