OM Holdings nears sale completion of Tshipi manganese mine interest

OM Holdings Limited (OMH) has announced significant progress in the sale of its 26% interest in Ntsimbintle Mining Proprietary Limited (NMPL) to Exxaro Resources Limited, with the transaction valued at ZAR 1.86 billion. NMPL holds a 50.1% interest in Tshipi é Ntle Manganese Mining (Pty) Ltd, giving OMH an effective 13% interest in the Tshipi Mine, a major manganese operation in South Africa.

Several material suspensive conditions for the transaction have been successfully fulfilled, including Ministerial approval under the Mineral and Petroleum Resources Development Act, 2002, South African competition authority approvals, Ntsimbintle Holdings Proprietary Limited’s shareholder approvals, and the finalization of escrow and warranty/indemnity insurance policies.

The successful completion of the transaction remains contingent upon fulfilling outstanding suspensive conditions, with OMH anticipating a close in early 2026. This move is part of OMH’s strategic shift to unlock value from its long-term investment.