High manganese ore prices since 2017 have enabled South African manganese miner Tshipi to generate significantly higher cashflow than expected, allowing for dividends in excess of the initial capital cost to develop the mine.
For the second half of 2019, Tshipi has declared a dividend of 1.1 billion rand, its owner - Jupiter Mines - has announced. The mine will continue to produce 3 million tonnes per year of manganese ore for the 2020 financial year and will...