https://www.miningweekly.com
Financial|Mining|Infrastructure
Financial|Mining|Infrastructure
financial|mining|infrastructure

Tshipi declares R1.1bn H2 dividend

11th February 2019

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Jupiter Mines on Monday announced that the board of Tshipi é Ntle Manganese Mining has resolved to distribute a R1.1-billion dividend to its shareholders for the second half of the 2019 financial year.

Tshipi has distributed R3.2-billion in dividends for the full financial year.

ASX-listed Jupiter, which holds a 49.9% interest in the Tshipi mine through its Jupiter Kalahari subsidiary, will receive R521-million from Tshipi, net of withholding taxes, and about R36-million from its marketing entity for the second half of the financial year.

Tshipi aims to again sell about three-million tonnes of high-grade ore for the 2020 financial year, complemented by low-grade ore when available.

With a 100-year life, Tshipi’s management will begin evaluating growth scenarios to increase production up to the mine’s load out infrastructure capacity of five-million tonnes a year and higher over the medium term.

The remaining 50.1% in Tshipi is owned by Main Street 774, which is, in turn, owned by Ntsimbintle Holdings (74%) and OM Holdings (26%).

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT 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 

Latest Multimedia

sponsored by

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:0.867 0.98s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: