Jupiter Mines has generated unexpectedly strong cashflow as a result of robust manganese ore prices and is proposing that its South African mine Tshipi Borwa distributes 1.5 billion South African rand ($111 million) to shareholders this September.
Metal Bulletin's 37% manganese ore index, fob Port Elizabeth, rose 11 cents week on week to $5.63 per dry metric tonne unit (dmtu) on Friday June 15. The index had traded as high as $7.57 per dmtu in March, before...