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Message: 3 properties, 3 drilling programs moving towards 43-101
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Re:mag on the rise

in response to Re:huge news for Molycor!!! by mcadam
posted on Feb 26, 08 10:22AM

With global supply tight, BHP Billiton has been able to boost
manganese ore prices by 310% to Japanese buyers for fiscal 2008,
starting April 1. Nippon Steel and Japanese leading ferroalloy maker,
Nippon Denko, agreed to increase the manganese ore purchase price by 4.1 times. This is the first price increases in three years for ore and will push up the ferroalloy price, according to Merrill Lynch
analysts.

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