Unlisted empowered mining investment company Ntsimbintle Holdings, which last month grabbed the headlines by becoming the biggest shareholder in the ASX-listed Jupiter Mines Limited, has promising additional manganese mining assets serving a manganese market that observers describe as having extremely attractive fundamentals, Mining Weekly can today report. In acquiring just under 20% of Jupiter, Ntsimbintle is entitled to 47% of the profit from the manganese ore produced by the Tshipi Borwa Mine in the southern part of the Northern Cape’s Kalahari Basin, which puts it in a strong position as Tshipi is one of South Africa’s biggest manganese exporters. [Ntsimbintle is still only entitled to 37% of the ore which it trades through Ntsimbintle Marketing and Trading in Singapore].
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