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Manganese

Manganese (Mn) is an essential resource for the steel industry with 90% of the total production infused into this industry.
A total of 35 million tons of manganese was mined in 2012 and China consumed the largest proportion with the total consumption that included the 12.4 million tons imported in 2012 in addition to the manganese mined within China (4 million tons in 2011).

The petroleum reserve that played the major role in economic growth of Gabon, a country in the Central Africa with abundant natural resources, is estimated to last only for another 20 years. Accordingly, the Gabon government, being confronted with the reality of depletion of its petroleum resource, is aiming to put the focus on other resources development products with the manganese mining, which was confirmed to have the potential capacity to produce 5.7 million tons per annum (the 4th in the world in 2013) is receiving highlight as the new bridge head of economy of Gabon, which is aiming to increase the annual production capacity to the rank of 1st in the world.

Korea Resources Investment & Development INC. is a shareholder of BHK Resources INC.. which is currently executing the manganese development project in Gabon under the name of “Ndjole Project" with an investment of $1.5 million thus far (completed the initial drilling exploration). We, through the BHK Resources, will be fully prepared to commence full-scale production of manganese by pursuing additional explorations and development within the next 2~3 years.

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