The Jupiter Mines annual general meeting was held on 26 July, with Non-Executive Chair Ian Murray outlining the company’s performance for FY2022 and welcoming newly appointed CEO and Managing Director Brad Rogers.
Jupiter has a 49.9 per cent economic interest in the Tshipi Borwa Manganese Mine in South Africa. Tshipi is a world-clas mine with long life and a low operating cost.
Tshipi achieved a 9.8 per cent increase in production from 3.4Mt to 3.7Mt in FY 2022 while reducing the average FOB cost from US$2.03 to US$1.55 per dmtu.
Jupiter reported a group net profit after tax of $54 million for the financial year and your Board declared a final, unfranked dividend of 1¢ per share, adding to the interim unfranked dividend of 0.5¢ per share.
Mr Rogers commences as CEO and Managing Director from 1 August, joining from Bis Industries where he as been CEO and Managing Director since 2015.
