JOHANNESBURG (miningweekly.com) – Chromite concentrate production at dual-listed Jubilee Platinum’s Dilokong chrome mine project is up 88.04% to 28 559 t for the third quarter.
The company announced on Friday that project revenue generated from chromite concentrate sales was up 108.22% to R37.36-million – a 95.23% increase for the quarter.
Earnings attributable to Jubilee from chromite concentrate production for the third quarter were up 94.73% to R15.89-million.
“The operating results are very satisfactory and show increasing performance quarter-on-quarter, which is reflected in our financial performance,” noted CEO Leon Coetzer.
Construction of the 660 000 t/y platinum and chromite processing Hernic project is on schedule and will be commissioned in December.