Tshipi shareholders cancel sale process; Jupiter considers its own strategic future

Plans for a sale or listing of the Tshipi manganese mine have been cancelled and its owner, Jupiter Mines, is considering similar options for its own future.

Shareholders in the Tshipi manganese ore mine in South Africa have cancelled plans for a sale or listing of the asset, as 49.9% owner Jupiter Mines said it is considering its own strategic options.

Jupiter announced in March it had appointed Bank of America Merrill Lynch as a financial adviser with a view to selling or listing Tshipi, and in June a list of 10 bidders, including four well-known ferro-alloys companies, was narrowed down to about...


Janie Davies

November 16, 2017

09:30 GMT