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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.