Jupiter Mines (ASX:JMS) confirms 21 day lockdown in South Africa has started

Company News

by Rachael Jones

Jupiter Mines (ASX:JMS) confirms that the 21 day lockdown in South Africa started yesterday.

Operations at the Tshipi Borwa Manganese, as well as manganese ore exports, will be suspended during the 3 week period, ending on 16 April.

Critical maintenance, security and dewatering of the pit will continue.

Tshipi has no debt, has flexible contracts and has sufficient cash reserves to keep the mine under care and maintenance during the lockdown.

Shares in Jupiter Mines (ASX:JMS) are trading 2.27 per cent higher at 23 cents.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.