Mantengu Mining

Nature of Business

Mantengu strives to encourage sustainable mining projects in rural areas by adopting an inclusive, participatory, and fair approach. The investment process is based on a concept of compassionate capital, which involves providing funds for targeted rural investments.

This funding unlocks community assets and encourages their optimal use, allowing local individuals and communities to access and realize value from these assets in a sustainable and long-term manner.

Furthermore, all Mantengu Mining’s projects are guided by policies, programs, and strategies designed to do the following:

• Create employment opportunities.
• Generate overall wealth throughout the various levels of the rural economy.
• Effectively transfer skills.
• Develop the rural infrastructure.
• Promote food and energy security.
• Preserve Biodiversity.

Mantengu Mining Shares at a Glance

Overview of Mantengu Mining

The MRI Group (MRI) was a provider of environmental services.

After ceasing coal operations, the company concentrated on eliminating all corporate expenses and preserving its status as a cash shell. It is currently in the advanced stages of acquiring a chrome asset after pursuing various potential investors interested in utilizing the listing.

Mantengu is transforming into a Mining, Mining Services, and Energy Corporation. Mantengu will disrupt the sectors by deploying its innovative funding model and progressive empowerment model.

Mantengu’s investment and empowerment aim to create an enduring and extensive resource and rural economic development footprint by developing self-sufficient, bio-regional, rural mining, mining services, and energy businesses.

This is based on efficient land reform, job creation, and the empowerment of local entrepreneurs and communities in South Africa.

Mantengu Mining Background

• Mine Restoration Investments Limited (MRI) was incorporated in 1987 as an environmental services company focused on mitigating the mining industry’s environmental impacts.
• In 2016, Mine Restoration Investments was delisted from the Johannesburg Stock Exchange.
• Mantengu Mining Limited underwent a name change in December 2025 to reflect its future vision better.
• In June 2025, Mantengu Mining Limited was relisted on the JSE under “MTU.”
• In the past, Mantengu primarily focused on environmental services aimed at mitigating the environmental impacts of the mining industry while still generating sustainable shareholder returns.
• The company developed expertise in two key areas: coal fines processing and acid mine drainage. However, operational, legislative, and environmental challenges ultimately led to the closure of these investments, and the Mantengu Board of Directors wrote them off.
• Since then, the company has been focused on enhancing compliance to attract appropriate funding and investment opportunities.
• As part of this effort, the Mantengu Board decided to sell its inactive subsidiaries on February 28, 2025, to simplify and flatten the company’s structure.
• Mantengu agreed to acquire 100% of Langpan Mining Co (Pty) Ltd’s ordinary share capital, which will result in Langpan acquiring Mantengu in reverse.
• Langpan primarily mines and processes chrome ore to produce chrome concentrate, with a high concentration of Platinum Group Metals (PGMs) as a by-product.
• Mantengu Mining owns the equipment and machinery and indirectly controls the mining rights to Chrome and PGM.
• In December 2025, Langpan obtained Section 11 consent.
• Mantengu considered the acquisition of Langpan as a unique opportunity to play a crucial role in transforming the mining industry.
• Mantengu Mining currently owns the Chrome and PGM mineral rights to Langpan in Thabazimbi, South Africa.

Highlights to Date

• Mantengu entered a new share purchase agreement with the current Langpan shareholders regarding the Proposed Transaction in April 2025.
• Mantengu Mining was relisted on the JSE in June 2025.
• Over the past three months (Nov 2025 – February 14), Mantengu Mining has been ranked as the 128th most actively traded stock on the Johannesburg Stock Exchange.
• MTU had a total volume of 20.1 million shares traded in 39 deals, with a total value of ZAR 201,070 over the period.
• On average, about 319,159 shares were traded per session. The highest volume of 11 million shares was achieved on November 30 during the same period.
• Effective February 1, 2025, Alistair Collins was appointed as the board’s non-executive chairperson. He brings diverse experience, having advised on various types of transactions, including acquisition, leveraged, trade and commodity, asset-backed, securitization, capital markets, and structured finance.

Mantengu Mining Financial Performance

The Good

• Over the past three months, MTU has been less volatile than 75% of ZA stocks, typically moving +/- 0% per week.
• Over the past year, MTU’s weekly volatility has decreased from 12% to 0%.
• MTU shares experienced a volume high of 11 million on November 2025.

The Bad

• MTU has only been publicly traded for the past twelve months.
• MTU has not yet reported any financial data.
• Mantengu Mining does not currently have a meaningful market capitalization (<2 billion ZAR).
• Furthermore, because MTU was relisted on the JSE in June 2025, there are currently no financial performance metrics to accurately provide Mantengu Mining (MTU) feedback.

Mantengu Mining Shares Growth Driver

• Mantengu’s stock has exhibited less volatility than 75% of stocks in ZA over the past three months, typically fluctuating only +/- 0% per week. Furthermore, its weekly volatility has declined from 12% to 0% over the past year.
• The Commercial Services industry is projected to experience 18.2% annual growth in earnings.
• On the other hand, Commercial Services’ historical annual earnings growth is -8.8%.
• Mahlatsi Movundlela has been the Chief Executive Officer and Executive Director at Mine Restoration Investments Limited since November 1, 2025, and at Langpan Mining Co. Proprietary Limited since August 13, 2025.
  • Before this, he served as Independent Non-Executive Chairperson at Mine Restoration Investments Limited from August 13, 2025, until October 2025.
  • Movundlela is a chartered accountant, registered auditor, turnaround specialist, and experienced senior finance executive with a wealth of knowledge across various sectors, including auditing, revenue and profitability growth, and financial advisory services.

Mantengu Mining Investor Tip

• Mantengu Mining’s market capitalization is currently 1.5 billion ZAR.
• Mantengu Mining currently has an EPS of -R0.58 and a P/E ratio of -1.72.
• Mantengu Mining currently has a dividend yield of 0%, a return on equity of -22.2%, and a return on assets of -12.91%.
• Mantengu Mining’s share could be undervalued.

Mantengu Mining Major Shareholders and Governance

Michael Miller, a non-executive Director, serves as the Chairperson of the Board. The Company’s Chief Executive Officer is Mahlatsi Movundlela, while Thato Makgolane holds the position of Financial Director.

Vincent Madlela is the lead independent Director, and Jonas Tshikundamalema is an independent non-executive Director.

Sector

Materials

Industry

Materials

Sub-Industry

Metals and Mining

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Mantengu Mining Frequently asked questions

Is Mantengu Mining listed on JSE?

Mantengu Mining is listed on the JSE under the stock symbol “MTU.”

What is the share price of Mantengu Mining?

Mantengu Mining is currently R0.01 (2023/02/15).

Where can I view the Mantengu Mining Limited circular?

You can view the Mantengu Mining Limited circular on several analyst websites.

Where can I view the most recent Mantengu Limited financial statements?

You can view Mantengu Limited’s financial statements by visiting the Investor Relations part of the official website.

Where can I find out how to buy Mantengu Mining shares?

You can buy Mantengu Mining shares through an FSCA-regulated broker in South Africa. Alternatively, you can trade CFDs on shares with popular brokers in South Africa, including AvaTrade, Exness, HFM, Pepperstone, and many more.

What is Mantengu Mining’s employment policy?

Mantengu Mining is committed to creating a diverse and inclusive workforce. The company provides equal opportunities for all its employees, regardless of race, gender, or other characteristics.

What commodities does Mantengu Mining produce?

Mantengu Mining produces coal and platinum group metals (PGMs).

Does Mantengu Mining have any social responsibility programs?

Yes, Mantengu Mining has several social responsibility programs that focus on education, health, and community development.

In addition, Mantengu Mining supports various initiatives and projects to improve the lives of the communities in which it operates.

Does Mantengu Mining have any plans for expansion?

Yes, Mantengu Mining is continuously exploring opportunities for expansion in its current operations and other areas of the mining sector. The company’s long-term strategy is to become a leading mining company in South Africa and the wider region.

Where are Mantengu Mining’s operations located?

Mantengu Mining operates in various parts of South Africa, including Mpumalanga, Limpopo, and the Northwest province.

How can I apply for a job at Mantengu Mining?

Job opportunities at Mantengu Mining are advertised on the company’s website and various job portals. Interested candidates can apply for open positions by submitting their applications online.

What is Mantengu Mining’s production capacity?

Mantengu Mining’s current production capacity is approximately 10 million tonnes of coal annually and around 170,000 ounces of platinum group metals annually.

What is Mantengu Mining’s approach to sustainability?

Mantengu Mining is committed to sustainable and responsible mining practices.

Furthermore, Mantengu Mining strives to minimize its impact on the environment, ensure the health and safety of its employees, and contribute positively to the communities in which it operates.