OM Holdings Sets Records During Q2 2014

OM Holdings Ltd. (ASX:OMH) announced its results for the second quarter of 2014, commenting that it produced 225,095 tonnes of manganese ore grading 36.35 percent. It shipped 295,484 dry tonnes of manganese during the period, a new record.

As quoted in the press release:

PROCESSING (OMQ, 100% owned Smelter and Sinter Plant in Qinzhou)

• Record quarterly production of 25,497 tonnes of High Carbon Ferro Manganese (‘HCFeMn’) alloy; representing a 21% quarter-on-quarter increase and a 3% increase over the previous record achieved in Q2 2013
• Record sales of 26,808 tonnes of HCFeMn alloy achieved during the quarter, representing a 59% quarter-on-quarter increase

MARKETING AND TRADING, AND MARKET UPDATE

• Record volume of 747,800 tonnes of equity and third party ores transacted during the quarter
• China’s crude steel production between April to June 2014 amounted to 208.56 million tonnes, an increase of 5.6% year-on-year
• World crude steel production for the same period was 414.51 million tonnes, representing a 3.52% year-on-year increase

Click here to read the full OM Holdings Ltd. (ASX:OMH) press release.