Magnum Mining and Exploration Limited (AU:MGU) has released an update.
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Magnum Mining & Exploration Limited has announced a joint venture with 2×1.Digital Private Limited to create a new company focused on producing and supplying biochar and green pig iron in Malaysia, using HIsmelt technology for eco-friendly production. The venture aligns with Magnum’s strategy and complements their green pig iron project in Saudi Arabia. Additionally, Magnum is assessing the potential for critical minerals at their Buena Vista deposit in the USA and has established a Singapore subsidiary to manage future assets.
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