Our Journey
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- Published: Thursday, 29 November 2018 10:10
Ntsimbintle Holdings is a distinguished and successful mining investment company which was formed in 2003 when nine black South African groups formed a company specifically to pursue manganese mining opportunities. Since establishment, the company has grown from a junior miner applying for prospecting rights to being the majority shareholder of South Africa’s single largest manganese mine and ore exporter in South Africa.
A brief history
2021
Ntsimbintle Holdings distributed R620 million to shareholders in FY2021.
Ntsimbintle Holdings acquired a further 13.8% share in Jupiter Mines, bringing its holding to 19.9% and total investment in Jupiter Mines to R1.3bn.
Mokala Manganese first ROM tonnes mined in March 2021, with first export shipment in May 2021.
2020
Ntsimbintle Mining received R876m in dividends in FY2020.
Ntsimbintle Holdings distributed R900m to shareholders in FY2020.
Mokala Manganese design phase completed and construction phase executed.
2019
Ntsimbintle Mining received R1.5 billion in dividends in FY19 and Ntsimbintle Holdings distributed R1 billion to shareholders in FY2019.
2018
Tshipi became the largest exporter of manganese ore from South Africa.
Ntsimbintle Holdings distributed R720m to shareholders in FY2018.
Ntsimbintle Marketing and Trading Pte. Ltd established to market Ntsimbintle Holdings’ share of Tshipi Borwa ore.
2017
Ntsimbintle Holdings declared a R300m dividend to shareholders and Tshipi repaid R1bn in shareholder loans.
Tshipi achieved monthly production volumes capable of supporting in excess of 3Mt/a.
Mokala Manganese is granted mining right.
Application for Khwara/Wessels manganese mining right and section 11 to merge with Mn48 applied for.
2016
Ntsimbintle Holdings reached agreement with Mn48 (previously Lehating Mining) to amalgamate Mn48 and Khwara Manganese (Wessels North) into one operation.
2015
Tshipi reached its planned annual mining capacity of 2Mt/a.
2014
Conclusion of the Gloria Remaining Extent prospecting rights transaction between Ntsimbintle Holdings and Gencore’s Blue Falcon, resulting in the establishment of Mokala Manganese (Pty) Ltd.
2013
OM Tshipi established to market Tshipi ore.
2012
First ore blasted at Tshipi Borwa Mine in October, railed to Port Elizabeth and exported in December.
2011
Development of Tshipi Borwa Mine commenced.
2010
Singaporean manganese ore and ferroalloy company, OM Holdings, acquired 26% of Ntsimbintle Mining for R440m. This resulted in the Tshipi Borwa mine being fully-funded for development.
2009
A section 11 approval was granted by the Department of Mineral Resources and Energy (DMRE) to transfer prospecting rights on small, contiguous areas on Mamatwan and Wessels to Hotazel Manganese Mines.
R300m dividend received from Hotazel Manganese Mines for the period 2007 to 2009.
2008
Additional prospecting rights granted over two other areas: Gloria Remaining Extent and Wessels.
2007
Pallinghurst acquired a 49.9% interest in Ntsimbintle’s Tshipi Borwa and Tshipi Bokone prospecting rights, giving birth to the company that is today Tshipi é Ntle Manganese Mining Pty Ltd.
Ntsimbintle Holdings agreed to trade small areas of prospecting rights it owned for 9% of Hotazel Manganese Mines, a well-established mine located in the manganese-rich Kalahari Basin in the Northern Cape province.
2006
Permit granted for prospecting on Mamatwan in the Northern Cape. Prospecting began immediately.
Negotiations with interested groups led to a prospecting joint venture with global investor Pallinghurst Resources on Mamatwan and Wessels.
2005
Submitted applications for five more prospecting rights.
2004
Government introduced the Mineral and Petroleum Resources Development Act (MPRDA) to ensure equitable access to and sustainable development of South Africa’s mineral and petroleum resources.
Ntsimbintle Holdings applied for three prospecting rights, of which two would be granted in 2006.
2003
Nine Black South African groups formed Ntsimbintle Holdings, a Broad-Based Black Economic Empowerment (B-BBEE) company, to pursue manganese mining opportunities.
BEE is a South African government policy to encourages businesses to integrate black people in the workspace, upskill and mentor, support black businesses and give back to poor communities. Businesses are awarded points which they can claim on their Broad Based Black Economic Empowerment (BBBEE) certificate. Businesses with a good level BBBEE rating, stand a better chance of being awarded government contracts.