Manhattan Resources expands into mining

COAL shipping firm Manhattan Resources is set to live up to its name and become more of a resources company.

The coal logistics business has so far provided stable returns, "but I want to bring this company to the next level", its chief executive and managing director David Low told The Business Times. "We want to transform this into a mining company."

Already, the mainboard-listed company has made a raft of mining-related announcements in recent months.

In May, it said it was buying Singxin Resources, a mining firm in Xinji…