https://www.miningweekly.com

Jubilee lifts Q4 earnings to R40m

Jubilee Metals CEO Leon Coetzer

Jubilee Metals CEO Leon Coetzer

Photo by Creamer Media

17th January 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

AltX- and Aim-listed Jubilee Metals ended 2018 on a high, delivering record production at its Hernic operation and increasing operational earnings for the fourth quarter, despite the festive period generally being challenging.

Jubilee had combined quarterly operational earnings attributable to it of £2.17-million, or R40-million, which is an increase of 13% compared with the prior quarter.

The Hernic operation, in the Limpopo province, set a new record with a 4% increase in production to 6 279 oz of platinum.

The company’s Dilokong Chrome Mine (DCM) fine chrome project, also in Limpopo, was commissioned during the quarter and was delivering high-grade chrome concentrate to specification.

“The plant is targeting the recovery of chrome from the around 620 000 t of chrome material contained in the existing DCM tailings.

“We intend to implement this technology into all our other operations in the near future,” said CEO Leon Coetzer.

The PlatCro platinum group metals (PGMs) project, also in Limpopo, started hydro-mining and operating its dewatering facility. The company expect to start with the delivery of PGM- rich material to the Eland Platinum concentrator this month.

“The reclamation and dewatering plant will facilitate the ramp-up of material delivery to the Eland Platinum concentrator, targeting a rate of between 50 000 t and 60 000 t of PGM-rich material a month,” the company said on Thursday.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.277 2.366s - 105pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: