https://www.miningweekly.com

Jupiter declares healthy dividend for H1 2019

17th September 2018

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

ASX-listed Jupiter Mines has declared an interim unfranked dividend of $0.05 apiece, to be paid on October 10, equating to a near 100% payout ratio post South African withholding tax and Jupiter income tax payment.

Jupiter owns 49.9% of the Tshipi openpit manganese mine, in the Kalahari Manganese Field, which continued to deliver exceptional performance in the first half of the 2019 financial year, resulting in the healthy returns for Jupiter shareholders.

Jupiter chairperson Brian Gilbertson on Monday remarked that Jupiter had declared a healthy first dividend and delivered upon its key initial public offering undertaking.

“This is a result of Tshipi’s first half of the year sales materially exceeding the half-year estimate for the financial year 2019 business plan, along with robust manganese prices and cost reductions achieved over this period.”

“Jupiter aspires to be the ASX vehicle of choice for investors looking to achieve crude steel and evolving battery material exposure.

“We will consider value-accretive options to increase our underlying stake in Tshipi, as well as regional consolidation in the Kalahari basin,” Jupiter CEO Priyank Thapliyal added.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.493 0.535s - 101pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: