Buzz Inc has committed $500,000 to an immediate upgrade at its at Lanna in Thailand. The Manganese Ore site will see an investment in plant and equipment that will bring production capabilities to 25,000 mtu per month.
As a result of this upgrade the company expects to make the first Mn Ore deliveries in March 2009. Previously deliveries were not planned before 2010.
All sales have now been deferred until after the upgrade is complete. Buzz Inc holds approximately 40,000 mtu of Mn Ore and as mining will continue during the uprade expects to hold 70-80,000 mtu in processed and packed Mn Ore.
The company is currently looking at several marketing options for the site production. Having the site operating at 25,000 mtu per month immediately will allow a more profitable marketing deal.
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