Strong manganese ore prices allow Tshipi to declare H2 dividend of 1.1 billion rand

Tshipi will issue more than $80 million in dividends in the second half of its financial year thanks to high manganese ore prices that have enabled the South African manganese miner to generate significantly higher cashflow than expected.

For the second half of 2019, it declared a dividend of 1.1 billion rand ($80.2 million), its owner - Jupiter Mines - announced.

The latest declaration will take Tshipi’s dividend payments for the 2019 financial year to 3.2 billion rand following a 2-billion-rand payment in October 2018. ...


Janie Davies

February 11, 2019

15:50 GMT