【Ferro-alloys.com】Tshipi produced and exported 3.35 and 3.42 million tonnes, respectively, during FY2021 (FY2020: 3.41 million tonnes produced and exported), despite the restrictions and uncertainties surrounding the COVID-19 pandemic. Even despite these conditions, Tshipi achieved its second highest export volumes recorded. Tshipi ended FY2021 as the largest exporter of manganese ore from South Africa, based on export data collected by Tshipi.

Global manganese prices however remained depressed, following sharp declines at the end of FY2020 which were further compounded by the COVID-19 pandemic. Manganese prices averaged US$3.83 (per dmtu, Metal Bulletin 37% FOB Port Elizabeth) (FY2020: US$4.18).
Despite many challenges during the year, both Jupiter and Tshipi remained cash positive and profitable. Tshipi’s performance resulted in the distribution of dividends to its shareholders totalling approximately ZAR1.43 billion. Jupiter in turn has declared dividends yielding 10.1%, with a payout ratio of over 94% of Tshipi dividends and marketing profits received.

• [Editor:zhaozihao]