Vote of confidence for Tshipi é Ntle and SA manganese sector

2021-05-03T10:48:53+00:00 May 3rd, 2021|Bulletin|

Ntsimbintle Holdings last week acquired a further 13.8% stake in Jupiter Mines (270.5 million shares), making it the Australian-listed miner’s largest shareholder, with a total holding of 19.9%. Ntsimbintle Holdings has invested about R1.3-billion over the last 18 months in acquiring this stake.

The Tshipi Borwa manganese mine. Photo by Tshipi

The Tshipi Borwa manganese mine. Photo by Tshipi

Ntsimbintle Holdings is one of South Africa’s most successful empowered mining companies. In addition to the 39.66% interest held by Safika Resources, a subsidiary of Safika Holdings, its other shareholders include 13 community, women and entrepreneurial entities based mostly in the Northern Cape, of which the John Taolo Gaetsewe Development Trust with its 14.47% interest, is the company’s second largest shareholder.

Ntsimbintle Holdings has a 74% stake in Ntsimbintle Mining, which in turn has been the developer of and leading shareholder (50.1%) in Tshipi é Ntle (Tshipi), South Africa’s largest manganese producer. Ntsimbintle Mining’s partner in Tshipi is Jupiter Mine’s Jupiter Kalahari, which holds 49.9%.

Tshipi is an independently operated-and-managed, black‑empowered manganese mining company that operates the Tshipi Borwa Manganese Mine, an open pit operation located in the Kalahari Manganese Field, the largest known manganese bearing geological formation in the world. Tshipi is the largest single manganese mine and exporter from South Africa and one of the five largest manganese ore exporters globally.