Chameleon Mining Buys 30% of Indonesian 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.

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