OMH Signs Power Purchase Agreement in Sarawak

Mining Weekly reported that OM Holdings (ASX:OMH) has secured power supply for its Sarawak smelting project.

As quoted in the market news:

Under the agreement, the Sarawak project would have access to some 500 MW of power over an initial 20-year period, with a fixed annual price escalation rate, underpinning the project within the lowest-cost quartile production of 300 000 t of manganese ferroalloys and 300 000 t of ferrosilicon alloys.

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