Jubilee progresses towards producing 60 000 oz/y of PGMs
Aim- and AltX-listed Jubilee Metals is making progress in increasing production from, and commodity exposure to, its projects in South Africa and Zambia.
The company’s PlatCro platinum group metals (PGMs) processing project in South Africa has been commissioned, with a 60 000 t per month capacity. This while the PlatCro chrome operation, acquired in January, continues to contribute to company earnings ahead of projections.
Additionally, Jubilee expects to double its PGMs production capacity to 60 000 oz/y from this month as the Eland Platinum project, in South Africa, starts production. Eland Platinum will add 30 000 oz/y to the company’s production capacity.
The company’s acquisition of the Sable Zinc Kabwe zinc/lead/vanadium project, in Zambia, is also progressing well, with the technical committee from the Zambian Competition and Consumer Protection Commission having issued an approval notice for ratification.
Jubilee CE Leon Coetzer said in a statement on Wednesday that the process design for the project was being finalised, which would allow the company to “hit the ground running” when it starts production in the fourth quarter of this year.
Meanwhile, Jubilee’s Dilokong Chrome Mine fine chrome plant, in South Africa, continues to ramp up. It delivered more than 3 800 t of saleable chrome concentrate for May, with a further ramp-up to 5 000 t targeted for this month.
Coetzer noted that an important part of the company’s ongoing development strategy was to diversify earnings through adding additional projects, widen metal exposure and expand its geographical footprint.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation