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OMH Has Operating Loss Due to Low Manganese Prices
Feb. 23, 2012 12:04PM PST
Battery Metals InvestingMining Weekly reported that OM Holdings (ASX:OMH) reported a year-end loss, citing a manganese price decline.
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.
