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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  JUPR MINE    JMS   

JUPR MINE

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JUPR MINE : Jupiter Mines Limited - Tshipi Signs Agreement with South32 to Mine Barrier Pillar

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06/11/2019 | 10:42am EDT

Jupiter Mines Limited ('Jupiter') (ASX: JMS) is pleased to report that Tshipi e Ntle Manganese Mining Proprietary Limited ('Tshipi') has signed an agreement with South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) to mine the barrier pillar between the Tshipi Borwa and Mamatwan manganese mines ('the Agreement').

The Agreement will commence on 1 August 2019 and will expire on the date which ore mining has been completed by both parties and respective rehabilitation obligations in each party's mining area have been completed in accordance with environmental legislation and agreements.

Tshipi's ore extraction period is expected to be 24 months. A revised mining plan and budget is currently being prepared and the Company will advise any material changes.

Contact:

Tel: +61 8 9346 5500

Fax: +61 8 9481 5933

Email: info@jupitermines.com

Web: www.jupitermines.com

(C) 2019 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
JUPR MINE -2.63% 0.37 End-of-day quote.48.00%
SOUTH32 -1.43% 2.76 End-of-day quote.-17.61%
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Managers
NameTitle
Priyank Thapliyal Chief Executive Officer & Director
Brian Patrick Gilbertson Non-Executive Chairman
Melissa North Chief Financial Officer & Secretary
Andrew Ronald McMillan Bell Independent Non-Executive Director
Paul Raymond Murray Independent Non-Executive Director
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