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Otjozondu Mining, a subsidiary of Shaw River Manganese, has signed a purchase contract with Noble Resources International for the sale of 30 000 tonnes of manganese ore from the Otjozondu manganese project in Namibia.

The company is currently in the final stages of completing its infill and grade control programme and anticipates commencing with mining of bulk samples of approximately 100 000 tonnes in early November 2014.

Fixed pricing

The sales agreement is structured for fixed pricing at different product specifications, which allows the company to sell various manganese ores products with more certainty over revenue within a flexible time period.

Shaw River Manganese MD Peter Cunningham says, “This agreement with Noble places the Shaw River Group in a strong position to progress the Otjo Project and also provides the Shaw River Group with a unique opportunity to test its logistics chain and mine planning going forward.”

Shaw River Manganese is a exploration and development company with manganese operations in Namibia and Ghana.

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