Cahya Mata Buying 20% Stake in RM1.55 Billion OM Holdings’ Project

The Star Online reported that Cahya Mata (KUL:CMSB) plans to purchase 20% of a manganese project owned by OM Holdings (ASX:OMH).

As quoted in the market news:

CMSB said it would use internal funds to finance its equity portion in the project. The smelting plant, it said, was expected to start commercial operations in 2015. The smelter will have an annual production capacity of 300,000 tonnes of manganese ferro alloys and 300,000 tonnes of ferro silicon alloys.

Click here to read the full Star Online report.