Tshipi é Ntle welcomes the Safika Resources and Ntsimbintle Holdings transaction with Exxaro Resources
29 May 2025 – Tshipi é Ntle Manganese Mining (Tshipi) welcomes Exxaro Resources’ landmark transaction with Safika Resources associate Ntsimbintle Holdings, and OM Holdings to acquire a 50.1% ownership interest in Tshipi. Jupiter Mines Limited (Jupiter) will continue to hold the remaining 49.9% of Tshipi and will exercise joint control over the Tshipi operations.
Ezekiel Lotlhare, CEO of Tshipi commented: “We are excited to be part of this significant transaction, that is a vote of confidence In South Africa’s mining sector. Exxaro has a strong track record and mining expertise to add long-term value to our manganese assets.
“Both Exxaro and Jupiter are strong companies with a track record of being consistent dividend payers. Working together, this transaction will enhance Exxaro’s position as a formidable diversified mining company in South Africa.
Exxaro is an organisation where human capital is central to the success of its business, investing in its workforce and company culture is a top priority. Tshipi remains in the hands of the current ownership structures on a business-as-usual basis until the completion of the transaction.”
Saki Macozoma, chairman of Tshipi and Ntsimbintle Holdings, said: “This transaction will enhance the value of these manganese assets by bringing Exxaro’s bulk commodity expertise to Tshipi, along with other benefits. The transaction is in the broader interests of the South African economy and will be beneficial for B-BBEE. We consider the transaction to represent a fair value for Ntsimbintle’s shareholders, and are particularly pleased that these manganese assets will remain in South African hands.”
The Tshipi transaction is still subject to regulatory approvals and is expected to be finalised by March 2026.
About Exxaro
Exxaro is a South Africa-based, diversified minerals and energy solutions business, listed on the JSE since 2006, headquartered in South Africa and has business interests extending to Asia, Europe and Australia. The company’s primary assets include coal production, a growing energy solutions division, and investments in iron ore and zinc, and now transition minerals. Exxaro prioritises sustainability, innovation, and social impact, aiming to empower communities and protect human rights while fostering diversity, inclusion, and a culture of continuous learning among its workforce.
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