OMH raises funding for JV

OMM, which recently increased its JV interest from 30% to 40% under tranche three, has elected to increase its JV interest to 51% under tranche four.

KUALA LUMPUR: OM Holdings (OMH) Ltd’s subsidiary OM (Manganese) Ltd (OMM) is extending a further US$500,000 (RM2.1mil) in funding for exploration in the Bryah Basin manganese joint venture (JV).

OMM, which recently increased its JV interest from 30% to 40% under tranche three, has elected to increase its JV interest to 51% under tranche four.