Crimson Rock Assets has pursuits in a number of early-stage mining tasks
Now, although, it’s basically a proxy for manganese miner Jupiter Mines and
Crimson Rock owns slightly below 1% of Jupiter, which has a market cap of £422mln
Jupiter paid a dividend of A$147mln in its final monetary 12 months to February
What it owns
Manganese – 0.95% stake in Jupiter Mines that owns almost 50% of the Tshipi Borwa open pit manganese mine in South Africa.
Cooper/cobalt -Three licences in DRC
Gold – Migori (Kenya 100%), El Limon (Colombia royalty), Ivory Coast (100%)
Oil & Fuel – Elephant Oil (Benin 4.84%)
Listed – Stakes in (LON: POW) and Regency Mines
How is it doing
In August, Crimson Rock () flagged up the sturdy outcomes from Jupiter Mines.
Jupiter highlighted gross sales consistent with its goal, agency manganese costs, development in Chinese language metal manufacturing and a 71% rise its shares because the 12 months of final 12 months.
Crimson Rock chairman Andrew Bell mentioned Jupiter “continues to show the soundness, consistency, and ease of the…