The miner will course of manganese oxide materials on-site to provide high-purity manganese sulphate, making it one of many few battery-grade manganese initiatives outdoors China, which controls 90% of world high-purity manganese provide.
The Ok.Hill mine is ready to provide 80,000 tonnes of high-purity manganese sulphate monohydrate yearly, with a projected lifespan of 57 years. Over this era, the mine is predicted to produce greater than 3.5 million tonnes of high-purity manganese sulphate monohydrate to the electrical car trade.
“The following step is manufacturing of battery-grade manganese from our demonstration plant, which is below development in Johannesburg, South Africa, and as a consequence of be commissioned throughout This fall of this yr,” the corporate mentioned in a press release.
Botswana, the world’s greatest diamond producer by worth, is trying to diversify inside the mining sector with minerals resembling copper, nickel, coal and iron ore.
Shares of Giyani Metals rose 6.7% by 12:10 p.m. EDT in Toronto. The miner has a market capitalization of C$22 million ($16 million).