India Seeking To Buy Manganese Ore Mining Assets

With its continuation in finding new energy sources India is looking to buy manganese ore mining assets in South Africa.

Indian steel ministry is in talks with the South African government for buying manganese ore mining assets for state-runManganese Ore India Ltd MOIL.BO, a government official said on Wednesday. “We are talking to the government of South Africa. We have requested them to allot us certain mines, we are looking at it aggressively,” Dalip Singh, joint secretary in the ministry of steel, said.

More investment in South Africa should be welcomed. The opportunity and economic development does benefit both sides.

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