Pallinghurst considers maiden dividend distribution

Diversified miner Pallinghurst Resources expects to receive about $10-million, or R140-million, in March 2017, as part of Tshipi é Ntle Manganese Mining’s previously announced decision to distribute R1-billion to its shareholders. In turn, Jupiter Mines – a 49.9% shareholder in Tshipi – has resolved to distribute $55-million to its shareholders.