Tshipi H1 net profit down 28% year on year amid manganese price drop

South African manganese miner Tshipi recorded a 28% year-on-year drop in net profit in the six months to August 31 due to lower manganese ore prices, owner Jupiter Mines announced on Thursday October 31.

Tshipi’s net profit for the period - its financial first half of 2020 - was 1.51 billion rand ($101 million), down from 2.09 billion rand in its financial first half of 2019.  The miner achieved an average manganese ore sales price of $5.51 per dry metric tonne unit (dmtu), down...

Published

Janie Davies

November 04, 2019

14:17 GMT

London