Through our stake in the Multi Mineral Corporation, we own various permits for a Manganese excavation plant. The plant is located near Santa Barbara, which lies 40km away from Medellin, one of Colombia’s major cities. The site hosts red jasperoid enriched manganese minerals, which are volcanic in origin from past seismic activity.
The start of production is anticipated soon after setling various issues. Initial production once up a running is expected to be 1,000 tonnes a day, which we aim to increase to 5,000 tonnes within five years.