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Manganese price drains Bootu Creek

MANGANESE producer OM Holdings has taken a severe battering on the market, with a whopping 60% drop in its share price, following news the company would scale back production at its Bootu Creek mine due to low manganese prices and a high Australian dollar.

MiningNews.Net

Manganese price drains Bootu Creek

The company's shares closed at 46.5c on Friday before a trading halt was enacted and trading resumed this morning with shares opening sharply lower at 19c. OM Holdings announced late yesterday that...

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