SMM3, March 27: March 27, Jupiter Mines Limited issued a notice, Jupiter Mines Limited confirmed yesterday in South Africa began a 21-day blockade of, Tshipi Borwa manganese ore operations and manganese ore exports will be suspended for three weeks until April 16.
The critical maintenance, safety and dehydration of the mine (basic services) will continue to ensure that Tshipi can quickly restore its production after locking.
Tshipi has no debt but has flexible contracts and sufficient cash reserves to maintain and maintain the mine during the lock-in period at a current estimated cost of South African rand 25 million.
Jupiter Mines will release its preliminary final results by April 30, 2020, when it will also declare a final dividend for fiscal year 2020.
Both Jupiter Mines and Tshipi are committed to taking all measures to ensure the safety of their employees and contractors during the COVID-19 crisis.
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