Mining project developer American Manganese is preparing a process that it claims produces manganese metal from low grade ore with vastly lower costs due to reduced power and water requirements. How does the company’s new hydrometallurgical process actually perform? Might it indeed impact the market for manganese—critical for steel, lithium ion batteries and other cleantech products?
American Manganese's Clean Extraction Process
An assessment of the company and its hydrometallurgical process for producing electrolytic manganese
A report by Kachan & Co., February 2012.
Beyond its use in steel, the little-known metal manganese is a critical component in electric vehicles and consumer technologies, where it can improve performance and extend the life and range of the battery technologies these industries require.
As potentially the sole North American producer of electrolytic manganese, American Manganese Inc. (TSX.V: AMY; Pink Sheets: AMYZF; Frankfurt: 2AM) should have no difficulty finding offtakers for its product if its Artillery Peak mine in Arizona enters production in 2014 as scheduled.
The company has developed what it believes is a cleaner and more efficient approach to producing the metal, aiming to be a lowest cost producer. Does the company's new process indeed offer substantial energy and water efficiencies, and cleaner tailing and waste handling as claimed? How would these efficiencies affect the economics of the company's end-product? Could the firm set a new global standard in manganese production, and perhaps the production of other critical metals?
Report essential for
- Companies across the global manganese and steel industry value chains
- Mining firms seeking to develop clean or green processes
- Battery technology vendors of lithium ion or other advanced chemistries
- Governments
- And others
Kachan & Co. conducted 38 interviews for this report, including speaking with 8 battery companies, a top 5 global consulting firm, an industrial strategy consulting firm and 2 cleantech-specific consulting firms. In addition, 6 investment bank/hedge fund mining analysts were interviewed, along with 2 cleantech fund managers, 10 mining firms or consultancies familiar with manganese, 2 mining companies in rare earths, 2 universities, 2 mining info databases, 2 independent battery research labs, the International Manganese Institute, the U.S. National Mining Association, Canadian Mining Association, World Steel Association and various government agencies. Dozens of secondary sources were also reviewed for this report.
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"If it works, American Manganese’s process could produce the purest electrolytic manganese, as well as some of the least expensive ... this is a strong benefit."
-From the report
About the author
Trevor Curwin has been an alternative investments analyst for over 10 years, with a focus on cleantech and renewable energy investment opportunities since 2007. As an investment consultant, Trevor has helped several cleantech startups with market research and positioning, especially on utility-scale renewables. Prior to this, he worked on strategic marketing and capital formation in alternative assets for Bank of America. He is a frequent contributor on cleantech for CNBC.com and other NBC Universal outlets. He has a journalism degree from the University of Kings College and an MBA from Saint Mary’s University.
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