【Ferro-alloys.com】SMELTING: OM Materials (Sarawak) Sdn Bhd (75% owned smelter in Samalaju, East Malaysia)

• Production output for the quarter ended 30 June 2022 was 35,004 tonnes of ferrosilicon (“FeSi”), 60,767 tonnes of manganese alloys (included silicomanganese (“SiMn”) and high carbon ferromanganese (“HCFeMn”)) and 30,446 tonnes of manganese sinter ore

• A total of 37,779 tonnes of FeSi and 52,172 tonnes of manganese alloys were sold during the quarter ended 30 June 2022

• Major scheduled maintenance works commenced in June 2022, beginning with manganese alloy furnaces, followed by FeSi furnaces

• Two furnaces to be converted to the production of manganese alloys have commenced hot commissioning and performance testing on 27 June and 25 July respectively

• Loan repayment of US$6.5 million (approximately A$9.0 million) was made to project finance lenders during the quarter ended 30 June 2022

• Conditional share purchase agreement (“SPA”) with Samalaju Industries Sdn Bhd (“SISB”) for SISB to sell its 25% interest in OM Materials (Sarawak) Sdn Bhd (“OM Sarawak”) and OM Materials (Samalaju) Sdn Bhd (“OM Samalaju”), for cash consideration of USD120 million less the aggregate amount of shareholders’ loans owing. Upon completion expected late in H2 2022, the OMH Group will own 100% of the Sarawak Projec

• [Editor:zhaozihao]