Mantengu, formerly Mantengu Mining, said Tuesday that its 70% subsidiary, Blue Ridge Platinum, had entered into a life of mine agreement with Monteagle International. Mantengu’s share price nudged up 4.96% to 66 cents on the JSE Tuesday afternoon, although the share price has fallen from 79 cents a year ago.
The agreement, entitled "Chrome Concentrate Supply Agreement," was entered into on November 5, 2025, and sees Blue Ridge, which operates near Groblersdal, Limpopo, agreeing to deliver to Monteagle, who in turn has agreed to purchase a minimum of 300 000 dry metric tons at a rate of 10 000 dry metric tons per month. The product will be a 40% - 42% chrome concentrate and will be sold on a CIF (cost, insurance and freight) basis, using the published market…