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Jupiter Mines appoints new CEO and records strong production results in South Africa

Jupiter Mines has announced that it has appointed a new CEO from Pallinghurst Resources.

Priyank Thapliyal has been appointed CEO of Jupiter Mines, resigning from his current position of Executive Director at Pallinghurst Resources.

Pallinghurst Resources, it should be noted, has an 18.4% interest stake in Jupiter Mines.

Jupiter Mines is an independent mining company based in Perth, Western Australia, with a portfolio of projects both in WA and the Kalahari Manganese Fields in the Northern Cape of South Africa.

The move comes at a strong time for the company as the Kalahari Manganese Fields development, the Tshipi Kalahari Manganese Mine, has produced extremely positive production figures.

A world class manganese mine, an open pit mine designed to produce 2.4mtpa of managense ore, had been set a target of 3mtpa by the 2018 financial year.

The company recently revealed that to date, it has already shipped 1.88-million tonnes in the first seven months of 2017, and is well on its way to reaching and potentially surpassing that 3 million mark.
 

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Who is Priyank Thapliyal?

  • Priyank Thapliyal acted as deputy to Anil Agarwal (founder and chairman of Vedanta) and was responsible for spearheading the main strategic developments that resulted in the listing of Vedanta on the London Stock Exchange (“LSE”) in December 2003.
  • The listing has been credited for transforming Vedanta from an Indian copper smelting company in 2000 to the current multi-billion dollar revenue LSE-listed global company.
  •  A significant part of this value uplift soon after listing was attributable to the US$50 million acquisition of a controlling stake in Konkola Copper Mines in Zambia in November 2004, which was initiated and led by Mr Thapliyal.
  • Mr Thapliyal is a founding partner of both Pallinghurst Advisors LLP and the Investment Manager. Mr Thapliyal is primarily responsible for Pallinghurst’s Steel Making Materials strategy and is a director of Jupiter and Tshipi. Mr Thapliyal is a British and Indian citizen.

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