Mexican manganese and ferroalloys producer Minera Autlan expects to invest $300 million to improve its operations, the company said during the Alacero conference held this week in Cancun, Mexico.
Oscar Maldonado, the company’s director general, did not provide a timeline for the investment, but said it would help the company boost its manganese and ferroalloys businesses.
Quoted by Mexican newspaper El Financiero, Maldonado said the company expects to increase its manganese reserves, adding that the company already has North America’s largest manganese reserves, along with the world’s second largest reserve of the mineral.