Solidarity Fund receives R5m cash injection from major manganese miner
The Tshipi é Ntle Manganese Mining has donated R5 million to the Solidarity Fund set up by President Cyril Ramaphosa in response to the devastating effects of the coronavirus.
Saki Macozoma, chairman of the company’s board of directors said the pandemic has had a considerable impact on all sectors of society, including mining, and applauded the work of government leadership.
“Tshipi recognises with appreciation the leadership provided by Minister Gwede Mantashe and the Department of Minerals and Energy to the mining industry as we all navigate the challenges that COVID-19 has created,” Macozoma said.
“We hope our donation can in some way help South Africa emerge from this period stronger and focused on rebuilding our economy and society.”
Tshipi is a leading South African empowerment mining company and a significant contributor to the local economy. Its Tshipi Borwa manganese mine in the Northern Cape is Africa’s leading manganese exporter. The mine exported 3.4 Mt of manganese in its last financial year.
Tshipi is co-owned by the Ntsimbintle Consortium (an associate of Safika Resources); Australia’s Jupiter Mines led by Brian Gilbertson; and Singapore’s OM Holdings chaired by NT Low. The Ntsimbintle Consortium is a broad-based black empowered structure with the John Taolo Gaetsewe Development Trust of the John Taolo Gaetsewe District Municipality as a major shareholder.