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.
Proactiveinvestors is a leading multi-media news organisation, investor portal and events management business with offices in New York, Sydney, Toronto, Frankfurt and London.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment