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Jupiter takes over from OMH in manganese buy

JUPITER Mines has launched what it describes as a "transformational" mine purchase, agreeing to issue 1.16 billion shares to a group including Jupiter major shareholder Pallinghurst Resources in exchange for a half stake in a South African manganese project.

Nick Evans
Jupiter takes over from OMH in manganese buy

Pallinghurst Resources is a JSE-listed resource investment company, headed by ex-BHP Billiton boss Brian Gilbertson, who will take a seat on Jupiter’s board if the transaction closes successfully. The...

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