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Butcherbird in Singapore sling

SINGAPOREAN private equity investment company Semeru Energy will take 50% of the manganese ore produced in the second stage of the Butcherbird manganese project in Western Australia’s Pilbara as part of a partial offtake and debt financing agreement with Element 25.

Karma Barndon
Butcherbird has resources totalling more than 263 million tonnes of manganese ore.

Butcherbird has resources totalling more than 263 million tonnes of manganese ore.

Under the terms of a non-binding term sheet Semeru will hand over $6.7 million in project finance to fund E25's expansion plans for a minimum of 175,000 tonnes per annum and maximum of 200,000tpa of manganese...

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