OMH Has Operating Loss Due to Low Manganese Prices

Mining Weekly reported that OM Holdings (ASX:OMH) reported a year-end loss, citing a manganese price decline.

As quoted in the market news:

The miner noted that net loss for the period had widened to A$11.5-million, compared with the net profit after tax of A$47.2-million in the previous financial year, as prices for manganese ore declined, and the Australian dollar strengthened against its US counterpart.

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