SA Manganese To Be Sold Through Singapore-Based JV
News: Australian manganese producer Jupiter Mines , Singapore-based minerals group OM Holdings and South African development firm Ntsimbintle Mining have signed a deal to market manganese ore from the Tshipi Borwa project in South Africa through a newly created, Singapore-based joint venture company, Mining Weekly reports. The companies stated that the new joint venture company OM Tshipi will be held in equal shares and will have the potential to sell over 2mn tonnes of manganese ore per year.
BMI View: The past decade of stagnation in South Africa's mining sector is set to continue as the country's gold and platinum sectors face diminishing margins and industrial strife. Potential for growth in the iron ore and coal sectors constitute bright spots for the mining industry in the long term. We expect South Africa's mining sector value to grow by an annual average rate of 0.5% over the forecast period, from US$32.4bn in 2013 to US$33.1bn in 2017.