South Manganese Investment (HKG:1091) unit Dameng International Resources agreed to sell 52,000 wet metric tons of Manganese Ore to Guangxi Dameng Manganese Industrial for a little over 43 million yuan, a March 7 filing with the Hong Kong bourse said.
The manganese ore, which must have a minimum manganese content of 33%, will be from the company's Gabon mine.
Guangxi Dameng Manganese Industrial owns Guinan Dameng International Resources, which holds a 22.64% stake in South Manganese Investment, according to the manganese producer and seller.
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