https://www.miningweekly.com

Pallinghurst considers maiden dividend distribution

15th December 2016

By: Megan van Wyngaardt

Creamer Media Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Diversified miner Pallinghurst Resources expects to receive about $10-million, or R140-million, in March 2017, as part of Tshipi é Ntle Manganese Mining’s previously announced decision to distribute R1-billion to its shareholders.

In turn, Jupiter Mines – a 49.9% shareholder in Tshipi – has resolved to distribute $55-million to its shareholders.

Pallinghurst is an 18.45% shareholder in Jupiter Mines.

Pallinghurst would consider allocating a material portion of these funds as a maiden distribution to shareholders.

Tshipi benefited from its successful production ramp-up and the strong market environment, with the price of manganese increasing from below $1.50/t in January to recent prices of above $7/t, representing a fivefold increase.

Tshipi’s optimisation of its cost base has also contributed to its expectation of record profits during its financial year ending February 28, 2017.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

North Ridge Pumps
North Ridge Pumps

North Ridge Pumps is an independent manufacturer of pumps. We have a proven track record for product support and customer service throughout the...

VISIT SHOWROOM 
Mitsubishi Chemical Group
Mitsubishi Chemical Group

Mitsubishi Chemical Advanced Materials South Africa (Pty) Ltd is a leading manufacturer of high-performance engineering plastics for the mining...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 21 August 2026
Magazine round up | 21 August 2026
21st August 2026

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:0.052 0.074s - 122pq - 2rq
Subscribe Now