Mantengu Mining Ltd (MTUJ)

Currency in ZAR
40.00
-5.00(-11.11%)
Delayed Data·

MTUJ Comments

⚙️ New chrome machine online – Mantengu’s Langpan mine has switched on its second chrome processing plant, which can handle 50 tons of ore every hour to turn raw rock into higher-value chrome concentrate. 🪨 Trash to cash (literally) – The mine has about 300,000 tons of old tailings (waste piles) on site that can feed the new plant for around 10 months with no extra mining cost, helping ramp up towards supplying both plants with 60,000 tons of ore a month. 🌟 PGMs: bonus level loading – Now that the chrome plant is running, Langpan will start testing the same tailings for platinum group metals (PGMs). Those metals aren’t even on the balance sheet yet, so any future PGM plan could be a whole new upside story.
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