Record production quarter for OM Holdings

OM Holdings set new production records at its Bootu Creek manganese operations in the Northern Territory during the June 2009 quarter, the company said in its quarterly report yesterday.

OM Holdings set new production records at its Bootu Creek manganese operations in the Northern Territory during the June 2009 quarter, the company said in its quarterly report yesterday.

The company reported a 74% increase in quarterly manganese production to 164,034 tonnes at an average grade of 37.6%.

According to OM Holdings CEO Peter Toth, it implemented a new production strategy during the period that focused on extracting maximum value from Bootu Creek’s inherent production flexibility.

“The mine’s ultimate capability to achieve improved mining, yield and recovery performance from this production strategy was clearly demonstrated in June,” Toth said.

“Two of our current internally funded capital expansion projects, the A$12.6 million rejects re-treatment plant at Bootu Creek and the US$18 million sinter ore project at the Qinzhou smelter in China, are on time and on budget.”

First stage commissioning of the Bootu Creek plant was completed during the June 2009 Quarter.

The company aims to complete the overall facility commissioning by the December 2009 quarter.

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