Tshipi achieves highest efficiencies in history in May
Mining efficiencies increased during May at the Tshipi Borwa mine, making it the highest in the mine’s history, majority stakeholder Jupiter Mines reports.
Overall production volumes for both high- and low-grade ore were above target at Tshipi, with further low-grade ore produced to meet the logistics plan for May.
Tshipi, in South Africa’s Northern Cape province, is an openpit manganese mine and is operated by Tshipi é Ntle Manganese Mining, in which ASX-listed Jupiter has a 49.9% beneficial interest.
Exports are ahead of plan for the quarter ended May 31, Jupiter CEO Priyank Thapliyal says.
During the quarter, 3.9-million bank cubic metres (BCM) of volumes were mined, with more than one-million tonnes of ore produced.
These results were achieved despite excessive rain having continued into early March. However, pit dewatering was successfully completed to enable increased ore mining.
Overall mining volumes for the quarter were behind target, as a result of further poor efficiencies in the mining process, Jupiter says, adding that a comprehensive mining efficiency project has been undertaken and is resulting in some improvement.
Tshipi’s cost of production for the quarter for its high-grade lumpy ore was R32.66 per dry metric tonne unit.
Shipping volumes were also ahead of plan with an unplanned vessel of low-grade fines having been railed in April and exported in May, Jupiter says.
Overall, Jupiter’s net consolidated cash balance decreased from $65.6-million to $24-million during the quarter, after Jupiter paid its final dividend for the financial year ended February 28.
Jupiter’s attributable cash (including its share of Tshipi cash) was $51.4-million at the end of the May quarter, calculated as the net consolidated cash above and Jupiter’s 49.9% share of Tshipi’s cash balance.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation