Red Rock Resources PLC (LON:RRR) has received a US$658,546 interim dividend payment from Jupiter Mines Ltd. (ASX:JMS).
Jupiter is now raking in cash from its stake in the Tshipi manganese mine in South Africa, and is in turn, passing that cash onto shareholders like Red Rock.
READ: Red Rock’s holding in Jupiter Mines is starting to pay off, in several different ways
Red Rock has a long-standing interest in Jupiter, and currently holds a 0.95% stake, as part of a wider portfolio of mining investments.
Red Rock also noted that the manganese price has strengthened in the second half of Jupiter's financial year, and the price for 37% ore currently stands at US$6.22 per dry metric ton unit FOB Port Elizabeth.
This bodes well for a second, full-year payment in due course.