Britmines Ltd holds a circa 1 billion tonne manganese resource in Namibia's Otjizondu region, producing 600,000 to 900,000 tonnes per annum of high-grade ore assaying 48–55% Mn with exceptionally low phosphorus and sulphur.
Britmines Ltd is a UK-incorporated resources company engaged in the development of critical mineral assets in Southern Africa. The Company's principal asset is the Otjizondu manganese deposit in Namibia's Hardap Region — a circa 1 billion tonne resource grading 48–55% Mn following beneficiation at the Company's on-site enrichment plant — materially above the 44% industry benchmark for premium metallurgical ore.
Regulatory standing. Mining licences held under the Namibian Minerals (Prospecting and Mining) Act, with environmental clearance certificates in place.
Environmental commitment. Operations are designed to ISO 14001 principles, with progressive rehabilitation and water stewardship embedded in the mine plan.
Local participation. Structured procurement, employment and skills-transfer programmes with Hardap Region communities and Namibian suppliers.
A large-scale, high-grade manganese resource with established rail access to deep-water export infrastructure.
Following processing through the Company's on-site enrichment plant, product grades between 48% and 55% Mn — four to eleven percentage points above the 44% Mn premium metallurgical benchmark, supporting premium realised pricing.
Independent laboratory assay of Otjizondu manganese ore. All export parcels are sampled, prepared and analysed by accredited third-party inspectorate prior to shipment, with results issued against each booking reference.
| Determination | Result | ||
|---|---|---|---|
| Mn Manganese | Premium | 47.88 | % |
| MnO₂ Manganese dioxide | High | 63.40 | % |
| SiO₂ Silica | 8.85 | % | |
| Al₂O₃ Alumina | 3.82 | % | |
| Fe Iron | Low | 1.39 | % |
| MOI Free moisture | Low | 1.10 | % |
| P Phosphorus | Very low | 0.052 | % |
| S Sulphur | Very low | 0.012 | % |
94.36% of assayed material reports to lump fractions at or above 10 mm, minimising fines penalty and handling loss in transit.
| Determination | Assay | Limit | Headroom |
|---|---|---|---|
| Phosphorus | 0.052 | 0.100 | 48% below |
| Sulphur | 0.012 | 0.050 | 76% below |
| Iron | 1.39 | 8.00 | 83% below |
| Silica | 8.85 | 12.00 | 26% below |
| Alumina | 3.82 | 6.00 | 36% below |
| Free moisture | 1.10 | 6.00 | 82% below |
| Derived Ratios | |||
| Mn : Fe ratio | 34.4 | ≥ 6.0 | 5.7× minimum |
| SiO₂ + Al₂O₃ combined | 12.67 | 18.00 | 30% below |
| MnO₂ content | 63.40 | ≥ 55.0 | +15.3% |
| Parameters within spec | 9 / 9 | 100% | Compliant |
| Procedure | Method | Standard |
|---|---|---|
| Increment sampling | Mechanical | ISO 4296 |
| Sample preparation | Crush / divide | ISO 3082 |
| Manganese determination | Volumetric / XRF | ISO 4298 |
| Trace elements | ICP-OES | ISO 11536 |
| Moisture content | Oven-dry | ISO 3087 |
| Size analysis | Screen | ISO 4701 |
| Chain of Custody | ||
| Sampling points | Warehouse & vessel hold | |
| Inspectorate | Independent third party | |
| Umpire provision | Third lab ≥ 0.50% Mn variance | |
| Certificate issued | Per booking reference | |
| Reference certificate | EBKG11992623 | |
Assay results shown are drawn from an independent inspectorate certificate for a representative consignment of Otjizondu manganese ore. Individual parcel assays vary within the beneficiated product range of 48–55% Mn. Full certificates, sampling records and umpire arrangements are available to counterparties on request.
Indicative 48% Mn basis pricing, sailing times and freight rates from Walvis Bay to principal discharge terminals. August 2026. All values USD per dry metric tonne unless stated.
| Discharge Port | Basis | Price / t | Per dmtu | Transit | Freight | Parcel Size | Movement |
|---|---|---|---|---|---|---|---|
| 🇳🇦Walvis Bay Namibia |
FOB | $262 | $5.46 | — | Load port | 25–60k t | Export hub |
| 🇿🇦Port Elizabeth South Africa |
FOB | $274 | $5.71 | 3–4 d | $12–16/t | 30–60k t | +2.1% |
| 🇳🇱Rotterdam Netherlands |
CIF | $329 | $6.85 | 18–22 d | $28–34/t | 25–50k t | +4.2% |
| 🇬🇧Immingham United Kingdom |
CIF | $334 | $6.96 | 19–23 d | $29–35/t | 20–45k t | +3.8% |
| 🇺🇸Houston United States |
CIF | $341 | $7.10 | 21–26 d | $32–38/t | 30–55k t | +5.1% |
| 🇮🇳Nhava Sheva India |
CIF | $293 | $6.10 | 16–20 d | $24–29/t | 30–60k t | +2.6% |
| 🇨🇳Tianjin China |
CIF | $298 | $6.20 | 28–34 d | $30–36/t | 45–75k t | 17-mo high |
| 🇯🇵Osaka Japan |
CIF | $312 | $6.50 | 30–36 d | $33–39/t | 30–55k t | +3.4% |
| 🇰🇷Busan South Korea |
CIF | $305 | $6.35 | 29–35 d | $32–38/t | 30–55k t | +3.9% |
| 🇦🇺Port Hedland Australia |
CFR | $286 | $5.96 | 24–29 d | $27–33/t | 25–50k t | −1.4% |
| 🇧🇷Vitória Brazil |
CIF | $288 | $6.00 | 17–21 d | $26–31/t | 25–50k t | +1.8% |
| 🇺🇦Yuzhny Ukraine |
CIF | $318 | $6.62 | 24–29 d | $31–37/t | 20–40k t | +2.9% |
| Parameter | Specification |
|---|---|
| Contract Structure | |
| Incoterms offered | FOB / CFR / CIF |
| Contract tenor | Spot / 6M / 12M |
| Payment terms | Irrevocable L/C at sight |
| Pricing basis | 48% Mn, pro-rata |
| Parcel & Vessel | |
| Minimum parcel | 20,000 WMT |
| Maximum parcel | 75,000 WMT |
| Vessel classes | Handysize / Supramax / Panamax |
| Loading rate | 8,000–12,000 t/day |
| Quality Tolerances | |
| Free moisture | max 6.00% |
| Phosphorus | max 0.100% |
| Umpire threshold | 0.50% Mn variance |
| Stage | Duration | Cumulative |
|---|---|---|
| Rail: mine to Walvis Bay | 36–48 h | 2 d |
| Assay & certification | 48–72 h | 5 d |
| Stockpile to vessel | 3–5 d | 10 d |
| Order to laycan | 14–21 d | 21 d |
| Documentation release | ≤ 5 d | 26 d |
| Sailing Duration — Range | ||
| Shortest: Port Elizabeth | 3–4 d | ~30 d |
| Median: Rotterdam | 18–22 d | ~48 d |
| Longest: Osaka | 30–36 d | ~62 d |
| Order to discharge | 30–62 d | — |
| Grade | Low | High | Mid | vs 48% |
|---|---|---|---|---|
| 55% Mn premium lump | 372 | 396 | 384 | +27.2% |
| 52% Mn lump | 338 | 356 | 347 | +14.9% |
| 50% Mn lump | 314 | 330 | 322 | +6.6% |
| 48% Mn benchmark | 296 | 308 | 302 | — |
| 44% Mn standard | 252 | 268 | 260 | −13.9% |
| Adjustments | ||||
| Fines discount to lump | −8% | −14% | −11% | −33/t |
| Premium per 1% Mn | 14 | 18 | 16 | +5.3% |
| Low-P premium (<0.06%) | 6 | 12 | 9 | +3.0% |
| Britmines realised basis | 296 | 396 | ~322 | +6.6% |
| Metric | 2026 | 2031F | CAGR |
|---|---|---|---|
| Market Value | |||
| Global market size (USD) | 33.6bn | 41.3bn | +4.21% |
| Market value, prior year | 32.3bn | — | +4.02% |
| Trade Volumes | |||
| Global exports (kg) | 815m | — | +2.50% |
| Global imports (kg) | 619m | — | +1.10% |
| Net trade balance (kg) | 196m | — | — |
| Demand Composition | |||
| Steel & ferroalloys | 90.0% | 84.0% | −1.37% |
| Battery & energy storage | 6.0% | 11.5% | +13.90% |
| Chemicals & other | 4.0% | 4.5% | +2.38% |
| Battery demand vs 2040 | 1.0× | 3.0× | IEA APS |
Prices, freight rates and sailing durations are indicative, compiled from Fastmarkets, IMARC Group and Jupiter Mines published indices together with prevailing bulk charter rates (August 2026). Transit times assume direct sailing without transhipment and exclude port congestion. Transacted terms vary by contract structure, specification, moisture content and vessel availability.
Manganese is the fourth most-consumed metal on earth by volume, yet it has no viable substitute in its principal application. There is no commercial method of making steel without it. As global steelmaking decarbonises and battery chemistries shift toward manganese-rich cathodes, demand is set to rise against a supply base concentrated in a small number of jurisdictions. The United Kingdom, European Union, United States, Japan, Canada and Australia have each designated manganese a critical raw material.
Applications listed are representative of established and emerging manganese end-uses. Consumption volumes vary substantially between categories; steelmaking and ferroalloy production account for the overwhelming majority of global demand by tonnage.
Battery-sector manganese demand is forecast to increase threefold by 2040 under the IEA's Announced Pledges Scenario.
Mordor Intelligence · IMARC Group, 2026
Planned annual output of 600,000 to 900,000 tonnes of high-grade beneficiated manganese ore, railed from Otjizondu to the Port of Walvis Bay for export.
Illustrative calculation: 900,000 t × $298/t = $268.2M. Realised revenue is subject to grade, moisture, contract terms and freight.
Product grade varies within the 48–55% Mn range according to feed characteristics and plant configuration. All export parcels are independently assayed prior to shipment.
| Scenario | Monthly | Annual | Utilisation |
|---|---|---|---|
| Base case — minimum | 50,000 | 600,000 | 67% |
| Mid case | 62,500 | 750,000 | 83% |
| Full ramp — maximum | 75,000 | 900,000 | 100% |
| Shipment Cadence | |||
| Parcels per annum (45kt avg) | — | 13–20 | — |
| Rail movements per month | ~42 | ~500 | — |
| Vessel loadings per month | 1–2 | 13–20 | — |
| Planned range | 50–75 kt | 600–900 kt | 67–100% |
| Price / t | 600 kt | 750 kt | 900 kt |
|---|---|---|---|
| $260 · 44% basis | 156.0 | 195.0 | 234.0 |
| $298 · benchmark | 178.8 | 223.5 | 268.2 |
| $322 · realised basis | 193.2 | 241.5 | 289.8 |
| $347 · 52% basis | 208.2 | 260.3 | 312.3 |
| $384 · 55% premium | 230.4 | 288.0 | 345.6 |
| Range | 156–230 | 195–288 | 234–346 |
Coordinates 21°14′33.09″S 17°52′49.05″E — Hardap Region, Republic of Namibia. Satellite imagery is rendered live from ESRI World Imagery.
A licensed, construction-ready critical minerals asset of exceptional scale and grade, in one of Africa's most stable mining jurisdictions.
Full resource statement, mine plan, offtake framework and independent technical documentation available to qualified investors under NDA.
Request AccessBritmines Ltd intends to pursue an initial public offering on the London Stock Exchange in 2030, following the completion of production ramp-up and the establishment of a sustained operating and offtake record.
Forward-looking statement: the intended listing described above represents the Company’s current strategic objective only. It does not constitute an offer of securities, an invitation to subscribe, or a commitment to proceed. Any admission would be subject to prevailing market conditions, satisfactory completion of due diligence, regulatory and shareholder approvals, and compliance with the UK Listing Rules and Prospectus Regulation. Nothing on this page should be relied upon as investment advice.
Britmines Ltd maintains registration and regulatory standing in each jurisdiction in which it operates. Public records are available for independent verification.
| Domain | Framework | Status |
|---|---|---|
| Anti-bribery & corruption | UK Bribery Act 2010 | Adopted |
| Anti-money laundering | KYC, all counterparties | Adopted |
| Sanctions screening | UK / EU / OFAC / UN | Adopted |
| Modern slavery | Modern Slavery Act 2015 | Published |
| Environmental management | ISO 14001 principles | Aligned |
| Health & safety | ISO 45001 principles | Aligned |
| Responsible sourcing | OECD Due Diligence | Aligned |
| Financial reporting | IFRS | Adopted |
| Document | Source | Access |
|---|---|---|
| Certificate of incorporation | Companies House | Public |
| Audited financial statements | Companies House | Public |
| Beneficial ownership (PSC) | Companies House | Public |
| Registered office & officers | Companies House | Public |
| Mining licence | Ministry of Mines | Under NDA |
| Environmental clearance | Ministry of Environment | Under NDA |
| Assay certificates | Independent inspectorate | Per consignment |
| Bank references | Relationship banks | On request |
Britmines Ltd welcomes independent verification of its corporate standing. Prospective counterparties, investors and financial institutions are encouraged to consult the public registers linked above and to request supporting documentation directly from the Company.
Enquiries from investors, offtake counterparties, trading houses and industry partners are welcomed.