The Tshipi Borwa manganese mine is in a strong position to weather the uncertainties ahead, as the world struggles, probably for years to come, to recover from the devastating economic consequences of the global lockdown, Jupiter Mines nonexecutive chairperson independent Brian Gilbertson said on Thursday. In releasing the Sydney-listed company’s 2020 annual report and audited financial statements for the financial year ended February 29, Gilbertson drew attention to the manganese mine’s scale of operations, low operating costs, lean overhead structure, and ungeared capital structure as being key strengths in these troubled times.
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