Red Rock Resources plc Jupiter Mines: Update (0548L)
14 July 2017 - 4:00PM
UK Regulatory
TIDMRRR
RNS Number : 0548L
Red Rock Resources plc
14 July 2017
Red Rock Resources plc
("Red Rock")
Jupiter Mines: Update
14 July 2017
Further to the announcement of 5(th) June 2017, Red Rock
announces that Jupiter Mines Ltd, an Australian unlisted public
company, has released the following announcement, an electronic
copy of the report is available at the Jupiter Mines website,
www.jupitermines.com
"TSHIPI NOW THE LARGEST EXPORTER OF MANGANESE ORE FROM SOUTH
AFRICA
Jupiter Mines Limited ("Jupiter") is pleased to announce that
for the five months to July 2017, Tshipi exported over 1.3 million
tonnes, making it the largest exporter of manganese ore from South
Africa.
Tshipi remains on track to achieve its record production target
of 3 million tonnes for the 2018 financial year. At these levels it
is the third largest manganese producer globally.
Should the existing production levels and manganese prices
continue, Tshipi will deliver the ZAR500 million distribution to
its shareholders in September 2017, as announced on 5 June
2017.
As a result, Jupiter will distribute a further US$25 million to
its shareholders."
Red Rock holds approximately 1.2% of the issued share capital of
Jupiter.
For further information, please contact:
Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc
Scott Kaintz 0207 747 9990 Director Red Rock Resources Plc
Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited
Jason Robertson 0129 351 7744 Broker Dowgate Capital
Stockbrokers Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDEANXDFDKXEFF
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