Jupiter Mines’ Tshipi Manganese Mine Beats FY2026 Production and Sales Targets
Jupiter Mines has reported a strong operational performance from its 49.9%-owned Tshipi manganese mine in South Africa, with the operation exceeding its production and sales targets for the financial year ended June 30, 2026.
Tshipi produced and sold 3.49-million tonnes of manganese ore during the year, above its target and historical average of about 3.4-million tonnes.
The performance was supported by disciplined mine planning, flexible logistics and effective coordination across rail, road and port networks, despite wet weather, rail disruptions and fluctuating energy costs.
Improved manganese prices also supported earnings, with Tshipi achieving an average realised price of $4.38/dmtu on a CIF basis, up from $4.02/dmtu in FY2025.
However, production costs increased 4.3% to $2.40/dmtu, partly due to a stronger South African rand.
Tshipi recorded EBITDA of A$114.6-million and net profit after tax of A$74.8 million for the year. Jupiter’s share of Tshipi’s profit was A$37.3 million.
At group level, Jupiter recorded a net profit after tax of $37.6 million, compared with $39.9-million in FY2025, while underlying EBITDA declined to $40.1-million from $43.3-million.
Tshipi has declared a ZAR350-million dividend for the second half of FY2026, with Jupiter expected to receive ZAR165.9-million, equivalent to about $14.3 million.
Jupiter also declared a final FY2026 dividend of $0.0075 per share, payable on September 18, 2026.
The company said manganese market conditions are expected to remain relatively balanced in the near term, although commodity prices, global demand and geopolitical developments will continue to influence the outlook.
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