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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (31349)	1/18/2009 6:19:46 PM
From: LoneClone	Read Replies (1) \| Respond to of 195842

BHP, OMH, Buzz Dominate Manganese Market pr-inside.com 2009-01-16 07:24:48 - Ukrainian billionaire Gennadiy Bogolyubov has made an offer on a mine in Australia's outback to boost his strong presence in the global manganese market that is dominated by mining majors such as BHP Billiton(ASX:BHP) (NYSE:BHP). The notable new Manganese mines include: Woodie Woodie has th e capacity to produce about 1.1 million tonnes of manganese a year . Bootu Creek produces 690,000 tonnes, though there are plans to lift output to 850,000 tonnes annually, markets permitting. The Buzz-Inc Lanna Project (OTC:BZTG) will produce 300,000 tonnes a year within 3 years. Analysts expect the billionaire Gennadiy Bogolyubov to make a grab for OM Holdings Ltd, (ASX:OMH) which owns the Bootu Creek manganese mine in Australia's Northern Territory, in a push for more than a 15 percent share of the world market. Bogolyubov built a 12 percent stake in the Australian-listed company late last year and demanded a seat on the board. But OM Holdings rejected the proposal, saying it would present an unworkable conflict of interest, since Bogolyubov already owned Australia's Consolidated Minerals Ltd (ConsMin), a major competitor in the manganese market. Apart from ConsMin, Gennadiy Bogolyubov's manganese interests include a mine in Ghana, Ukrainian ferroalloys plants and U.S.-based producer Highlanders Alloys. Buzz Inc has 1 project in Thailand that is expected to yield over 6m tonnes of Manganese with the first ore expected to be shipped in March 2009. Manganese is largely used to make steel-alloy products such as engine parts.Its price tends to move in step with iron ore prices, enjoying heady rises over the past two years. Contact Information: Buzz, Inc. 123/29 M.5.T Cherngtalay, A.Talang, Phuket, Thailand, 83100 Contact Person: Sutida Suwunnavid Chair Woman Phone: 66807007900 email: email Web: www.12buzz.com