29th May 2024 19:04
(Alliance News) - Marula Mining PLC has awarded contracts to several Kenyan companies for operations at its Larisoro manganese mine in Samburu County, Kenya.
The pacts include those for on-site drilling and blasting, the use of mobile mining equipment, ore and waste transportation, and shipment to Nairobi for distribution.
By September 2024, Marula, a London based mining company operating in Africa, aims to produce between 5,000 to 10,000 tonnes of manganese per month at Larisoro.
Site refurbishment and upgrades are ongoing as announced in April. The first production blast at the Larisoro's central bit has been conducted, and transportation of ore and waste materials began under the terms of an initial three-year transportation contract.
Upon delivery to Nairobi, ore will then be transported to Mombasa for international trade. Sales will be managed under the company's new long-term offtake agreement. The company said an update on the proposed agreement will be announced in "due course".
Chief Executive Officer Jason Brewer commented: "We anticipate that these collaborations will not only enhance our operational capabilities but also contribute significantly to our overall success and growth in Kenya's mining sector. Our drilling and blasting specialists, logistics partners, and mobile mining equipment providers bring a wealth of expertise that we believe will assist in establishing the Larisoro Manganese Mine as a long-term and efficient mining operation."
Marula shares closed 2.8% lower at 9.10 pence in London on Wednesday.
By Aidan Lane, Alliance News reporter
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