Jupiter’s flagship asset, Tshipi, is the largest exporter of manganese ore from South Africa and a top-3 producer globally.
In 2007, The Pallinghurst Group sourced a proprietary greenfields opportunity to acquire 49.9% of a manganese deposit that was located adjacent to a major producer in South Africa. Manganese is a key component of steelmaking and South Africa hosts approximately 80% of the world’s known economically mineable resources. The Pallinghurst Group provided exploration and development funding, leading to the construction of a 3.6 million tonne capacity mine. The Tshipi mine sold 3.3 million tonnes in the year to 28 February 2018, earning US$250 million and US$160 million in EBITDA and net income respectively, making it one of the largest and lowest cost manganese producers globally.