Ukrainian Privat Group Purchases Manganese Fields in Australia
OREANDA-NEWS. The Privat Group is ready to add to its assets one of the best manganese fields in the world. The Australian Foreign Investment Review Board approved the purchase of the mining assets of Consolidated Minerals, reported the Official website www.kmu.gov.ua.
The control over the ConsMin will allow the Ukrainian group consolidating some 20% of the world extraction of manganese ore and raise the stability of its ferroalloy business.
The Ukrainian group has already bought some 14% of ConsMin shares at the Australian stock exchange, having become the biggest shareholder of the company.
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