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【Ferro-alloys.com】Manganese miner OM Holdings has extended its $120-million offer for the remaining 25% interest in Malaysian operating subsidiaries OM Sarawak and OM Samalaju from the end of May, until June 14.

OM Holdings at the start of this month made the offer to Samalaju Industries Sdn Bhd (SISB), and the two companies have now mutually agreed on the extension and the continued cooperation to finalise and enter into a definitive agreement for the transaction.

The transaction will be subject to a number of conditions, including third party consent, shareholder and exchange approvals, and other relevant regulatory approvals.

OM Holdings, through its wholly owned subsidiary OM Materials, currently owns a 75% interest in both of these companies, with joint venture partner SISB holding the remaining interest.

OM Sarawak holds a ferrosilicon and manganese alloy smelter in Sarawak, which has an annual production capacity of between 200 000 t and 210 000 t of ferrosilicon and between 250 000 t and 300 000 t of manganese alloy. The plant consists of a sinter plant with a design capacity of 250 000 t/y of sinter ore.

SM Samalaju develops and manages selected capital projects on behalf of OM Sarawak.

• [Editor:zhaozihao]