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Today s Market View - Bluejay Mining, Central Asia Metals, Eurasia Mining and more
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Jubilee Metals plans GBP30 million fundraise for triple acquisition
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UPDATE: Jubilee Metals raises GBP30 million for triple acquisition
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Jubilee Metals Group 178% year-on-year increase in combined attributable operational earnings
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Jubilleâs Project Roan delivers first copper concentrate
By Dineo Faku
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JOHANNESBURG - LONDON and JSE-listed Jubilee Metals said yesterday that it had delivered the first copper concentrate from the Jubilee Sable Refinery at Project Roan ahead of schedule.
Project Roan is the first of three processing plants that Jubilee aims to construct in order to recover copper and cobalt in these facilities, with the target of 25 000 tons of copper a year.
At full capacity, Project Roan is expected to recover 10 000 tons of copper equivalent a year.
Chief executive Leon Coetzer said the successful delivery on time of copper concentrate from Project Roan to the fully operational Sable Refinery was the first major step in the groupâs commitment to achieve its targeted production of 25 000 tons of copper a year within the next four years and taking a leading role in the processing of surface tailings in Zambia.