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Chameleon Mining Buys 30% of Indonesian Manganese Project
Apr. 19, 2012 01:10PM PST
Battery Metals Investing
Energy Business Review reported that Chameleon Mining (ASX:CHM) has acquired a 30% stake in the Indonesia-based Kupang manganese project.
Energy Business Review reported that Chameleon Mining (ASX:CHM) has acquired a 30% stake in the Indonesia-based Kupang manganese project.
As quoted in the market news:
The company said after payment of A$3.5m, through its subsidiary, it will acquire 100% of NTT Manganese which has a 30% interest in PT Kupang Resources which, following a restructure, will indirectly hold 100% of the rights to manganese produced from the Kupang project.
