US EditionExxaro gets the edge in tricky manganese consolidation
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Exxaro gets the edge in tricky manganese consolidation
AFTER casting its line far and wide for three years to diversify from thermal coal production, Exxaro Resources now has its foot in the door in the Northern Cape’s manganese fields. About 70%-80% of the world’s total unmined manganese, a mineral primarily used in steel production, occurs there — enough to last at least 80 years. Exxaro is buying 100% of Ntsimbintle Mining, a company controlled by veteran investor Saki Macozoma. The centrepiece a…
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