Jupiter Mines aims to become the world’s leading manganese producer by June 2028 by leveraging its world-class Tshipi manganese mine in South Africa.
The company this week reaffirmed the five-year plan it released in March 2023, which looks to enhance production efficiency, expand market reach, and strengthen sustainability initiatives.
“While market conditions and certain geopolitical shifts may influence the short-term outlook for some of our initiatives, Jupiter’s strategy remains solid and well-aligned with our long-term objectives,” Jupiter managing director and chief executive officer Brad Rogers said.
“A key aspect of our approach is recognising that some elements of the strategy require the right market conditions for execution.
“For those workstreams, including our EV battery strategy, our focus has been on preparing the groundwork to ensure we are well-positioned to act decisively when conditions are optimal.”
Other priorities in Jupiter’s five-year plan include ensuring production is within 95 per cent of volume targets every year and that dividend payments are no less than 70 per cent of the payout ratio.
The day after its strategy update, Jupiter released its December quarterly, outlining stable production levels.
While the company saw lower sales and production levels than the prior quarter, Jupiter said this was due to elevated levels in the previous three months. Year-to-date sales (1.7 million tonnes per annum [Mtpa]) were in line with historic levels of 3.4Mtpa.
Jupiter’s attributable cash increased by $22.4 million from the previous quarter, reflecting the completion of sales receipts from the start of the 2024–25 financial year during a high-price environment.
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