Acquisition of Consmin by CTYML on course for completion

11 May 2017

Further to the announcement on May 8, 2017, the acquisition of Consolidated Minerals Limited (“Consmin” or the “Company”) by China Tian Yuan Manganese Limited中国天元锰业有限公司 (“CTYML”), a subsidiary of Ningxia Tianyuan Manganese Industry Co., Ltd. (“TMI”), is now expected to complete on or before May 24, 2017.

Representatives of Consmin and TMI, including Mr Jia Tianjiang, majority owner of TMI, held a productive meeting with His Excellency the Vice President of the Republic of Ghana on May 10, 2017, to discuss TMI’s future plans for Consmin’s Ghanaian subsidiary, Ghana Manganese Company Limited (“GMC”).

Consmin forms a key part of TMI’s own growth plans and the Company is expected to benefit significantly from TMI’s commitment to invest in the growth of the Company’s operations and in infrastructure and corporate social responsibility (“CSR”) projects in Ghana.

Download the full announcement here- Consmin-TMI Ghana announcement