OM Holdings Limited
(ASX:OMH) has updated the market on its operating performance for the third quarter of 2016.
The company has reported a 10 percent increase in Ferrosilicon production at its Malaysian mine compared to the prior corresponding quarter in 2015.
During the quarter management and control of the Bootu Creek Manganese mine also reverted back to its directors, following the execution of a Deed of Company Arrangement with the mine’s creditors.
The mine had previously been placed into voluntary administration in January 2016 as a result of suspended operations at the site due to the ongoing and material fall in the manganese price.
OM Holdings Limited reported a net loss of $82.2 million at 30 June 2016.
