Thursday, 5 September 2013

Cancana Resources moves into manganese production and eyes expansion

Andrew Male, CEO at Cancana Resources (CVE:CNY), tells Proactiveinvestors that the company is well placed as it begins manganese production at its Valdirao asset in Brazil. Andrew says that, with average grades between 48 to 56%, it's one of the region's best manganese assets. Cancana is also working towards the purchase of the adjacent property, Rio Madeira, for $20mln. Costs for both production and the purchase are planned to be supported by equity.

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