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Shaw River Manganese in voluntary suspension pending Namibian update

Shaw River Manganese (ASX: SRR) has been granted a voluntary suspension pending the release of an announcement about the outcome of a legal action in Namibia.

The suspension will be lifted when the announcement is made to the market.

Shaw River holds 75.5% of the Otjozondu Manganese Project in Namibia, which is targeting low cost manganese production and significant cash flows from 2012.

A big plus for the project is the nearby infrastructure, including established road, rail and port access to Walvis Bay.