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Jupiter Mines Notes Regarding Tshipi Declaring R1.1bn H2 2019 Dividend

11 Feb 2019  |  10:17:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Tshipi Declares H2 2019 R1.1 billion Dividend

Jupiter Mines announced that the Board of Tshipi e Ntle Manganese Mining (Tshipi) has resolved to distribute a R1.1bn H2 2019 dividend to its shareholders. Tshipi has distributed a total of R3.2bn in dividends in FY 2019, against a R2bn capital cost to develop the Tshipi mine. The Company will receive R521m from Tshipi and R36m from its marketing entity for H2 2019. Tshipi aims to continue selling 3Mt of high grade ore for the financial year 2020, complemented by low grade ore when available.

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