OM Holdings to invest in Scandinavian iron ore miner
Manganese play OM Holdings has been embarking on geographic diversification of late, but now it looks as though commodity diversification is also on the agenda....
Edited by: Jamie Freed (jfreed@afr.com.au) and Sarah Thompson (sarah.thompson@afr.com.au)
Manganese play OM Holdings has been embarking on geographic diversification of late, but now it looks as though commodity diversification is also on the agenda.
The near $1 billion miner is expected to invest $35 million into Scandinavian iron ore play Northern Iron. That should give OM about 10 per cent of the company once a related institutional placement is completed.
