Tshipi Manganese Mine Welcomes Completion of Exxaro Resources Transaction
Johannesburg, 29 January 2026
Tshipi é Ntle Manganese Mining Proprietary Limited (“Tshipi”) is pleased to announce the successful completion of the transactions announced on 13 May 2025, involving ManganExx Proprietary Limited (“ManganExx”), a wholly owned subsidiary of Exxaro Resources Limited (“Exxaro”), Ntsimbintle Holdings Proprietary Limited (“NH”) and OM Mauritius Corp.
All suspensive conditions relating to the acquisition of 100% of the issued shares of Ntsimbintle Mining Proprietary Limited (“NM”) and 19.99% of the issued shares of Jupiter Mines Limited (“Jupiter”) have now been fulfilled or waived. As a result, the transaction has become unconditional and is expected to be implemented on or before 27 February 2026.
Following the implementation of the transaction, ManganExx will hold a 50.1% shareholding interest in Tshipi (through NM), while Jupiter will retain its 49.9% shareholding in Tshipi. Both shareholders will continue to exercise joint control over Tshipi’s operations, consistent with existing governance arrangements.
Ezekiel Lotlhare, CEO of Tshipi, said: “We are delighted to be part of this landmark transaction, which reflects strong confidence in the South African mining sector. Partnering with Exxaro combines complementary strengths and marks a major milestone that will deliver long-term value for all stakeholders. We look forward to unlocking synergies and leveraging Exxaro’s proven expertise to enhance the performance and sustainability of our manganese assets.”
Saki Macozoma, Chairman of Tshipi and Ntsimbintle Holdings, said: “This transaction has received all necessary regulatory approvals and has been strongly supported by shareholders and stakeholders alike. We believe it serves the broader interests of the South African economy by strengthening the value of our manganese assets and ensuring they remain in South African hands. Exxaro’s bulk commodity expertise will bring significant benefits to Tshipi and the wider mining sector.”
About Exxaro
Exxaro is a South Africa-based, diversified minerals and energy solutions company, listed on the JSE since 2006 and headquartered in South Africa. Its business interests extend across Asia, Europe, and Australia. Exxaro’s primary assets include coal production, a growing energy solutions division, and investments in iron ore, zinc, and transition minerals. The company prioritises sustainability, innovation, and social impact, with a strong focus on empowering communities, protecting human rights, and fostering diversity, inclusion, and continuous learning across its workforce.
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