OM Holdings Ltd

OM Holdings forms marketing joint venture for South African manganese ore


OM Holdings (ASX: OMH) has executed a joint venture with Jupiter Mines (ASX: JMS) for the marketing of manganese ore produced by its associate Tshipi é Ntle Manganese Mining.

OMH holds an effective 13% stake in Tshipi through its 26% strategic investment in Tshipi’s controlling shareholder, Ntsimbintle.

The ore will be marketed through a Singapore-based joint venture company which will trade under the name OM Tshipi which OMH, Jupiter and Tshipi will each hold an equal stake.

The Tshipi Borwa open pit manganese mine is located immediately adjacent to BHP Billiton’s (ASX: BHP) Mamatwan mine in South Africa.

Tshipi has sold in excess of 450,000 metric tonnes of product to date since exports started in December 2012.

Tshipi Borwa is located in the Kalahari Manganese field in the Northern Cape of South Africa, which is home to 80% of the world’ manganese resource.

It is expected to have 2.4 million tonnes per annum at 37% manganese production at full capacity.

Despite manganese's low profile, it is the world’s fourth most traded metal and a crucial component in the manufacture of steel, a variety of alloys and is the major component in the production of lithium ion batteries.

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Quick facts: OM Holdings Ltd

Price: $0.68

Market: ASX
Market Cap: $502.26 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Full interview: PFS values Infinity Lithium's flagship San José project at...

Infinity Lithium Corporation Ltd's (ASX:INF) executive director of corporate strategy Vincent Ledoux Pedailles chats to Proactive London's Andrew Scott following the publication of a PFS (pre-feasibility study) for the development of its flagship San José lithium project in Spain. The study...

11 hours, 36 minutes ago

2 min read