Tshipi increases half-year dividend to R1.7bn

Manganese ore producer Tshipi é Ntle Manganese Mining, which operates the the Tshipi Borwa mine, in South Africa’s Northern Cape province, has resolved to pay a further dividend of R600-million to its shareholders, taking the total dividend for the first half of 2020 financial year to R1.7-billion. The increased dividend, which is higher than previously estimated, is mainly owing to additional low-grade product sold in the second quarter of the financial year and currency depreciation.