The diversification strategy of private investment and management company Menar is very much in sync with the global push towards a greener future, says Menar MD Vuslat Bayoglu.
Speaking to Mining Weekly in an online interview for this Joburg Indaba Preview Feature, Bayoglu outlined how Menar’s existing South African portfolio of coal, anthracite and manganese will be diversified with the right mix of minerals, including those that are required for the production of greener energy.
“We are on the lookout to have a very diversified portfolio in the medium- to long-term,” says Bayoglu, who is also aspiring to be in iron-ore and chrome in South Africa.
Outside of the country, Menar is in nickel-cobalt in Turkey and could well emerge as a gold junior in Kyrgyzstan.
Meanwhile, as things stand, supportive of the move towards a greener world is the coal that continues to be needed for the manufacture of steel for use in wind turbines and solar panels.
“This is the nature of the transition,” says Bayoglu. “It’s complex.”
In addition to operating the new East Manganese mine, Menar is scheduled to begin drilling at the end of September to confirm the viability of a project in an area known to be manganese rich. Should it be successful, Menar’s exposure to manganese will be scaled up at a time when the current upside in the commodity cycle is forecast to be sustained.
Mining Weekly: What is Menar’s diversification strategy?
Bayoglu: Our diversification strategy has the following...
Read Full Story: https://www.miningweekly.com/article/menar-spells-out-diversification-strategy-2021-09-24
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