Marula Mining Ships First Manganese Ore from Kenyan Larisoro Mine

Marula Mining

First Shipment Marks a Milestone for Marula

London-listed Marula Mining has completed its first shipment of manganese ore from the Larisoro Manganese Mine in Kenya, in partnership with Gems and Industrial Minerals (GIM). This initial delivery marks a significant step under the Mine Support Services Agreement (MMSA) between Marula and GIM.

Export to China Under Existing Agreements

The first batch, totaling 476 tonnes of manganese with an average grade of 37%, was exported from stockpiles managed by GIM in Nairobi. The ore was delivered to the port of Mombasa and shipped to China on 16 September, where it will be received by customers under existing offtake agreements. Marula will receive 60% of the net proceeds from this sale.

Marula has committed to selling ore from the Larisoro mine on a monthly basis, with sales expected to rise in Q4 2024. A $1.5 million investment will accelerate mining, crushing, screening, and processing at the site, increasing production capacity to 5,000-10,000 tonnes of high-grade ore over the next 3-6 months. Marula’s long-term exploration strategy targets an annual output of 60,000 tonnes.