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Chinese company to invest A$30M in Woodie Woodie manganese mine restart

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Chinese company to invest A$30M in Woodie Woodie manganese mine restart

Ningxia Tianyuan Manganese Industry Co. will invest A$30 million to restart the Woodie Woodie manganese mine in Western Australia, according to an Aug. 15 news release.

Woodie Woodie is owned by Consolidated Minerals Ltd., which itself was acquired by the Chinese manganese producer in May.

The Woodie Woodie project was placed on care and maintenance in February 2016 due to historically low manganese prices, but will now be reopened following a sustained increase in global commodity prices.

According to the report, the company expects to reach full-scale mining operations of up to 1.5 million tonnes per year in October and targets its first shipments from the project in November.

The reopening of the mine is expected to create more than 300 jobs.