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South Korean Obtained Exclusive Exploration Rights

The South Korean government announced that they obtained exclusive exploration rights for manganese which is located in the eastern part of the Philippines. The size of the obtained mining is 3000 square kilometers. The obtained mining is rich in cobalt, nickel, copper, manganese and other elements and it can be used as raw material for electronic equipment, steel produced by mini blast furnace, precious metals and etc.

South Korean government expects the obtained mining by using copper smelting furnace with 40 million tons of manganese. If one million tons of manganese to be put into commercial production per year, it will bring six trillion Won for South Korean in the next 20 years.

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