Jupiter launches $42m buyback; Pallinghurst to receive $8m

Perth-based mining company Jupiter Mines has announced a $42-million off-market equal access share buyback priced at $0.35 apiece. The buyback will be for 5.81% of the shares in Jupiter and is expected to be mostly funded by a significant distribution by subsidiary Tshipi é Ntle manganese mining and the profits earned by Jupiter’s manganese marketing business.