Marula Mining PLC, an African focused mining and development company, is pleased to announce that the first manganese exports sales under the Company’s Mine Support Services Agreement with Kenyan company Gems and Industrial Minerals Limited, have been completed from the Larisoro Manganese Mine in Samburu County, Kenya.
Exports sales of an initial 476 tonnes of manganese at an average grade of 37% manganese from the stockpiled manganese ore in Nairobi was completed under the management of GIM and with Scan Global Logistics Group’s Kenya-based subsidiary, Scan Global Logistics Kenya Limited. The containers of the high-grade manganese ore were loaded in Nairobi and transported to the Port of Mombasa and loaded on the vessel M.V. Kota Kaya, which departed from the Port on 16th September 2024, with the containerised manganese ore to be delivered to customers in China under existing offtake agreements.
Under the terms of the MMSA, Marula is now due to receive 60% of the net proceeds from the sale of this initial manganese ore export. Sales of manganese ore from Larisoro will continue on a monthly basis and are expected to increase in Q4 2024 as the Company accelerates its planned US$1.5 million investment in new mining, crushing, screening and processing plant equipment.
