Tshipi Ebitda halves after manganese ore price decline [CORRECTED]

Manganese miner Tshipi has recorded a 54% year-on-year drop in earnings before interest, tax, depreciation and amortization (Ebitda) in the three months to November 30 2019, amid falling manganese ore prices.

The project posted an Ebitda of Australian 51.5 million ($35.3 million) for its financial third quarter of 2020, down from A$112.5 million a year ago, its owner Jupiter Mines announced on Wednesday December 18.

The result also represents a 49% drop in Ebitda...

Published

Janie Davies

December 18, 2019

16:15 GMT

London