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OM Holdings Ltd. ( (AU:OMH) ) has issued an announcement.
OM Holdings Limited has announced significant progress in selling its 26% interest in Ntsimbintle Mining Proprietary Limited to Exxaro Resources Limited, with key regulatory and shareholder approvals secured. This transaction, valued at approximately US$101.4 million, involves one of the largest manganese mines in South Africa, Tshipi Borwa Mine. The completion of the sale, expected in early 2026, marks a strategic shift for OM Holdings, potentially unlocking value from its long-term investment and impacting its future operations.
The most recent analyst rating on (AU:OMH) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on OM Holdings Ltd. stock, see the AU:OMH Stock Forecast page.
More about OM Holdings Ltd.
OM Holdings Limited is a manganese and silicon smelting company involved in trading raw ores, smelting, and marketing processed ferroalloys. With over 25 years in the industry, it is listed on both ASX and Bursa Malaysia and operates across Australia, China, Malaysia, Singapore, and South Africa. The company is a leading global supplier of manganese ores and ferroalloys, aiming to be a primary ferroalloy supply partner to major steel mills and other industries.
Average Trading Volume: 95,462
Technical Sentiment Signal: Sell
Current Market Cap: A$198.7M
For detailed information about OMH stock, go to TipRanks’ Stock Analysis page.