The company produced 3.45 million tonnes of manganese ore, compared with 3.34 million tonnes in 2018.
The total value of the company’s manganese ore sales reached R10.5 billion ($715.8 million), while net profit after tax came in at A$379 million ($268.3 million), Jupiter said.
Tshipi’s record sales volume was partly due to sales of lower grade ore, which form part of the company’s strategy to move off-grade material when pricing conditions are favorable, chief executive officer Priyank Thapliyal told investors and media on a conference call on Thursday.
“In this financial year 2019 we produced and sold 3.5 million tonnes. That is a record for Tshipi production, against a target of 3...