Is TMI looking to buy OMH?

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Yes, TMI could be interested in OMH as a takeover proposition especially now that the OM Sarawak smelters are producing record volumes of FeSi, FeMn and SiMn. The OM Sarawak electricity prices are said to be the cheapest in Asia and the since the power cost is up to a 50% cost for producing FeSi then it would be one of the most profitable smelters in the world. TMI already holds 58 million shares ie. 8.01% of OMH. OMH has a 26% stake in Ntsimbintle Mining which owns a 50.1% Tshipi . Jupiter holds the remaining 49.9% For a takeover… Read more »