Altilium Metals signs a MOU with PT Stern for supply of Manganese Ore for processing into Electric Vehicle Battery intermediate raw materials
Altilium Metals has signed a MOU with PT Stern for the supply of up to 3,000 MT per month of Manganese ore from PT Mandala Erakovic.
Stern is developing a downstream business focusing on the concentration of manganese ore and the production of ultra-high purity manganese battery chemicals.
Altilium will have options for cross shareholding in the stern processing plant basis its supply of feedstock
Mining is being requested to Stern’s proprietary ECO Mining requirements which is a best in class eco-mining standard developed with the automotive industry which PT Mandala Erakovic will look to adopt as future best practice.
No sorting or other artisanal mining techniques of any kind and full compliance with manpower regulations and international workplace safety standards;
All electric power and heavy equipment fuel to consist solely of renewable energy, natural gas and hydrogen;
No use of groundwater or well water at the mine site; and free, prior and informed consent from all holders of legal or traditional rights to use or occupy any of the land area used or occupied by the mining operation.
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