Business News [subscription]
Contractor Primero Group and private investment firm AMCI have made a move on Bryah Resources' stake in a manganese project in Western Australia.
Bryah, based in West Perth, holds an 80 per cent stake in its manganese joint venture with OM Holdings, which holds the remaining 20 per cent interest.
The project is situated in WA’s Bryah Basin.
The companies entered into a farm-in arrangement in 2019, which gave OM the option of spending $7.3 million to earn up to a 70 per cent interest in the project.