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Jubilee Metals Group
Consideration is being given to implementing a dedicated processing facility in the Eastern Limb
Jubilee has also acquired outright 255 000 t of PGM containing chrome tailings further increasing Jubilee’s existing surface PGM tailings.
Jubilee has concluded further copper tailings transactions to secure the rights to an additional approximately 115 Mt of copper and cobalt.
“Jubilee has, through the Processing Agreement, further strengthened the sustainability of its operating capacity and earnings base in South Africa."
“This agreement offers tremendous earnings potential for Jubilee. The Project has been a target for Jubilee to drive the ramp-up in our copper production."
The project holds the potential to produce copper concentrates more than the total Sable Refinery capacity of 14 000 tpa of copper cathode.
“It is this ingenuity that has led Jubilee to implement ground breaking solutions in South Africa that create sustainable opportunities."
A subsidiary of South Africa's largest and one of the world's largest ferrochrome producers, K2018239983 (NewCo) has exercised its right to sell all further chrome rights to the chrome contained in all of the historical tailings at Inyoni to metals processing company Jubilee Metals Group.
Jubilee Metals Group has announced that the sale and transfer of the entire issued share capital in Sable Zinc Kabwe to Jubilee has been completed.
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