Jupiter Mines set to deliver robust returns

An interview with Jupiter Mines Managing Director and CEO Brad Rogers.

Future Mining (FM): Can you give us an overview of Jupiter Mines, focusing on its dividend history, location, and how its production has evolved? 

Brad Rogers (BR): Jupiter Mines Limited, headquartered in Perth, Western Australia, is recognised for its stake in the Tshipi Borwa Mine, located in South Africa’s Kalahari Manganese Field. This mine ranks among the largest and most cost-effective manganese exporting operations globally. Since beginning operations in 2012, Jupiter Mines has not only steadily increased its manganese production, but has also established a reputation for delivering strong dividends to its shareholders, showcasing the company’s financial stability and commitment to returning value. Looking ahead, Jupiter Mines has set an ambitious goal to further expand its production capacity. The company’s strategic aim is to enhance its global standing in the manganese industry, ensuring that Jupiter Mines continues to deliver on its promises of reliability and shareholder value, albeit in a measured and responsible manner.

FM: Can you provide some insight into the manganese market, its uses, and growth prospects?

BR: Manganese is indispensable in steel production for its enhancement of strength and corrosion resistance, with no effective substitute available. Additionally, manganese’s role is expanding in the clean energy sector, particularly in electric vehicle (EV) batteries, where it offers a more stable, cost-effective, and environmentally friendly alternative to traditional materials like nickel and cobalt. The demand for high-purity manganese products is expected to grow significantly, driven by the global shift towards electric mobility. 

The market outlook for manganese is constructive, with forecasts indicating a substantial increase in demand over the coming decades, especially for high‑grade manganese ore from operations such as Tshipi. This demand growth, coupled with the strategic positioning of South Africa’s Kalahari Manganese Field, presents a compelling growth opportunity for leading producers.

FM:Tell us about Jupiter’s recent progress towards its entry into the EV market.

BR: Jupiter Mines’ recent progress towards entering the EV market is marked by the completion of a promising scoping study for high-purity manganese sulphate monohydrate production. This study confirms the feasibility of lab‑scale high-purity manganese sulphate monohydrate production, with plans for optimisation and scaling. 

The company is targeting an initial production capacity of 50 kilotonnes per annum, expanding to 100 kilotonnes per annum, backed by strong financial indicators, including a 25 per cent internal rate of return and significant EBITDA projections. With strategic plant locations identified in North America, Jupiter Mines is poised for its next phase: a pre-feasibility study set for mid 2024, solidifying the company’s pathway into the EV battery materials market.

FM:Could you elaborate on Jupiter Mines’ strategic objectives and future plans?

BR: Jupiter Mines’ five-year strategic plan positions the company to become the world’s largest manganese producer, targeting a 301 per cent increase in its owned manganese production. This growth is not just about volume; the company is committed to maintaining its exemplary record of zero rejected shipments for quality, ensuring reliability and sustainability. 

Jupiter Mines aims to leverage the booming demand for EV battery-grade manganese, capitalising on its competitive advantage and established operations. Alongside production expansion, the company is focused on enhancing its environmental, social and governance performance, including establishing a sustainability reporting framework, and improving its B-BBEE scorecard. 

By optimising operations, streamlining marketing processes, and investing in infrastructure improvements, Jupiter Mines is set to deliver robust returns to shareholders while contributing positively to local communities and the environment. 

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