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Red Rock Resources associate Jupiter Mines approved to partially resume mining early

“The open-pit operation at Tshipi is an important supplier of metallurgical grade manganese," Red Rock's Andrew Bell said.

Red Rock Resources PLC - Red Rock Resources associate Jupiter Mines approved to partially resume mining early

Red Rock Resources PLC (LON:RRR) has relayed commentary from associate Jupiter Mines Ltd (ASX:JMS) on the operations of the Tshipi operations and South Africa’s national lockdown due to the coronavirus pandemic.

The lockdown that began on March 26, has now been extended until the end of April, though Jupiter has been granted approval to partially restart before then, on April 14.

READ: Red Rock says human ingenuity will find solutions

In a statement, Red Rock chairman Andrew Bell said: “The open-pit operation at Tshipi is an important supplier of metallurgical grade manganese to international markets and the global steel industry is significantly dependent on South African manganese supplies.

“That Tshipi has been permitted after so short a time to recommence operations and export is an encouraging development."

Red Rock owns just over 17mln shares in Jupiter Mines, which the company noted was valued at £2.21mln.

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Price: 0.69 GBX

AIM:RRR
Market: AIM
Market Cap: £5.69 m
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