https://www.miningweekly.com
Thabazimbi|Mantengu Mining|Langpan|Chrome|Equipment|Mining|Platinum Group Metals|Limpopo
|||Equipment||
thabazimbi|mantengu-mining|langpan|chrome|equipment|mining|platinum-group-metals|limpopo

Mantengu to report higher interim earnings

24th October 2024

By: Creamer Media Reporter

     

Font size: - +

JSE-listed mining investment company Mantengu Mining expects to report earnings a share and headline earnings a share of between 1c and 2c for the six months ended August 31.

That represents an increase of 105% to 125% year-on-year.

The company's chrome concentrate production has increased in recent months, from 6 354 t in March, to 9 203 t in July, 12 318 t in August and 14 335 t in September.

Mantengu in April terminated its contract miner at the Langpan chrome and platinum group metal operation, in Thabazimbi, Limpopo.

It has also invested about R81-million in new mining equipment for the mine, which achieved record production in July, August and September.

Further, Mantengu has managed to reduce its mining cost per tonne by more than 50% by internalising the mining function.

The company will publish its interim results on November 14.

Its share price on the JSE rose by more than 15% on the morning of October 24.

 

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

AKS Lining Systems
AKS Lining Systems

Specialist Manufacturer of Thermoplastic Liners

VISIT SHOWROOM 
Axiom Hydraulics
Axiom Hydraulics

Axiom Hydraulics is a trusted leader in South Africa’s hydraulic industry, delivering world-class components, systems, and engineering expertise...

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:0.069 0.095s - 163pq - 2rq
Subscribe Now