Singapore-based JV to market Tshipi Borwa manganese
PERTH (miningweekly.com) – Australia-listed Jupiter Mines and OM Holdings (OMH), along with South Africa’s Ntsimbintle Mining, have formed a joint venture (JV) to market the manganese ore produced from the Tshipi Borwa project, in the Kalahari manganese field, in South Africa.
The JV vehicle, in which each partner would hold a 33.3% stake, would trade under the name OM Tshipi, and would be based out of Singapore.
Jupiter Mines said this week that OM Tshipi would become a major marketer of South African manganese ore, with the potential to sell over two-million tonnes a year of production, and would generate significant export earnings for the Tshipi Borwa project and the South African economy.
Furthermore, the JV vehicle would also enter into a take-or-pay offtake contract with Tshipi for all the available production for the next two years, extendable at the option of the parties.
During January to June, the Tshipi operation dispatched 191 410 t of medium-grade lump ore, with another 172 460 t to be shipped during July and September.
During the same period, Tshipi also sold 33 865 t of fine ore, with 56 916 t of fine ore to be shipped by September.
OMH holds a 13% stake in the Tshipi project through its 26% shareholding in Tshipi’s 50.1% shareholder, Ntsimbintle. Jupiter Mines, in turn, holds a 49.9% stake in the project through its subsidiary Jupiter Kalahari.
The Tshipi Borwa mine, which is located 20 km south-west of the mining town Hotazel, in the Northern Cape, had been designed to produce 2.5-million tonnes a year of manganese ore grading 37%, from an openpit resource of 163-million tons.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.
VISIT SHOWROOM
Our Easy Access Chute concept was developed to reduce the risks related to liner maintenance. Currently, replacing wear liners require that...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
