Tshipi sold 3.34-million mt of Mn ore in fiscal 2018

Tshipi sold 3.34-million mt of manganese ore in its 2018 fiscal year ended Feb. 28, 2018, up from 2.27-million mt in fiscal 2017. The South African miner’s revenue was ZAR7,334-million with a net profit after tax of ZAR1,901-million in fiscal 2018 vs. ZAR3,777-million with a net profit of ZAR891-million in fiscal 2017.

Jupiter CEO, Priyank Thapliyal commented that: “Product has been sold through to April which will result in cash in the bank for Tshipi of approximately ZAR1.5-billion at end of May.”

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