Ethiopia - Tigray Region Humanitarian Update Situation Report, 13 March 2021
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HIGHLIGHTS
The humanitarian situation in Tigray remains extremely concerning, with conflict continuing to drive displacements of people and reports of some villages completely emptied.
Following the transition to a flexible notification system for access, several organizations have deployed international staff to Tigray to support the scale up of the response.
Delivery of assistance is stepping up, with humanitarian partners reaching 0.9 million people with complete food baskets, almost 0.7 million with water, and 136,000 with shelter.
Despite some progress in accessible areas, many people remain in hard-to-reach areas due to insecurity, logistical and administrative hurdles, where assistance is needed.
This augurs well for Jupiter s final dividend declaration, given the high payout ratio that Jupiter has historically adopted. Further Information Jupiter s principal asset is a 49.9% stake in Tshipi é Ntle Manganese Mining Proprietary Ltd, which operates the Tshipi Borwa mine, an open pit manganese mine in the Kalahari Manganese Field located in the Northern Cape of South Africa. Tshipi is one of the largest and lowest cost manganese exporters globally. Jupiter announced on 21 January 2021 the demerger and Initial Public Offering on the Australian Stock Exchange of its Central Yilgarn Iron Ore assets ( CYIP ) through the newly created company Juno Minerals Ltd ( Juno ).
Red Rock Chairman Andrew Bell comments : As a Jupiter shareholder, as well as a royalty holder on the Mt Ida asset, Red Rock welcomes this announcement, which comes at a time when iron ore prices have established a higher trading level than for some years and strong demand seems likely to be sustained. Based on the valuation and performance of its comparators in the Australian market, Juno appears to have good prospects upon listing. Further Information The Central Yilgarn Iron Ore Project consists of (a) the Mt Ida magnetite deposit, where a 1.23 bn ton JORC compliant Indicated Resource of 29.79% Fe in its Central Zone, capable of beneficiation to a 66.65% concentrate, and a JORC compliant Inferred Resource of 615m tons at 28.86% in the Northern and Southern Zones, was announced by Jupiter on 8 January 2013, and (b) the Mt Mason DSO haematite deposit, where Jupiter announced a 5.9m ton Measured and Indicated Resource of 60.1% ore on 30 Janu