AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksJubilee Metals Share News (JLP)

Share Price Information for Jubilee Metals (JLP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 20.35
Bid: 20.30
Ask: 20.50
Change: 1.15 (5.99%)
Spread: 0.20 (0.99%)
Open: 19.15
High: 20.35
Low: 19.45
Yest. Close: 19.20
JLP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Jubilee Metals Signs Chrome Offtake Agreement For Windsor Plant

Thu, 13th Aug 2020 10:33

(Alliance News) - Jubilee Metals Group PLC said Thursday it has signed several deals to progress its operations at the Windsor chrome plant in South Africa.

The first deal was a run-of-mine chrome ore offtake agreement, in which Jubilee has committed to produce 40,000 tonnes per month of chrome concentrate from Windsor for the next three years.

Jubilee Metals did not disclose with whom it had signed the offtake agreement.

The agreement will secure the supply of quality feed to Windsor and supports 100% operating capacity for the targeted period, it said, while continuing to provide discarded material to Jubilee's other platinum group metals recovery plants.

Jubilee has also entered a joint venture agreement with an unnamed South African company to secure the rights to 35,000 tonnes per month of chrome processing capacity at the Windsor 8 facility.

Under the agreement to Jubilee will take control of the operational control of the Windsor 8 facility through a joint venture under which Jubilee will hold the rights to 70% of all earnings generated as its manager.

Production is expected to start at Windsor 8 by the end of September.

"Jubilee continues to aggressively drive its expansion across both its South African and Zambian operations. Our significant progress in Zambia, as announced last week, is followed by the successful implementation of these two key agreements supporting the expansion of our South African chrome and PGM operations. These agreements have been secured on the back of Jubilee's track record of continuously driving to set new industry standards," said Chief Executive Officer Leon Coetzer.

Shares in Jubilee Metals were up 2.3% at 5.42 pence on Thursday in London, while its Johannesburg shares were 4.4% higher at ZAR1.41.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News

Jubilee Metals to hunt for copper and gold in Caerus waste assets

Jubilee Metals to hunt for copper and gold in Caerus waste assets

4 May 21 11:16

Jubilee Metals says project Roan delivers first copper to refinery

Jubilee Metals says project Roan delivers first copper to refinery

29 Apr 21 11:31

IN BRIEF: Jubilee Metals Catches Eye Of "Blue Chip" Investors

IN BRIEF: Jubilee Metals Catches Eye Of "Blue Chip" Investors

15 Jan 21 16:25

Jubilee Metals Makes Good Progress As Operations Mature In Second Half

Jubilee Metals Makes Good Progress As Operations Mature In Second Half

14 Jan 21 12:55

Jubilee Metals Annual Earnings Rise Sharply On Strong Production

Jubilee Metals Annual Earnings Rise Sharply On Strong Production

10 Nov 20 08:40

Jubilee Metals Secures Rights To Copper And Cobalt Tailings In Zambia

Jubilee Metals Secures Rights To Copper And Cobalt Tailings In Zambia

5 Nov 20 12:20

Jubilee Metals Reports Record Performance In Third Quarter

Jubilee Metals Reports Record Performance In Third Quarter

12 Oct 20 09:28

Jubilee Metals Gains Approval For Kabwe Mining Licence Renewal

Jubilee Metals Gains Approval For Kabwe Mining Licence Renewal

14 Sep 20 17:10

Jubilee Metals secures 'significant' ore supply agreement

(Sharecast News) - Jubilee Metals Group announced on Monday that it has secured another "significant" ore supply and processing agreement, increasing its long term access to chrome and platinum group metals-rich feed material.

24 Aug 20 15:33

Jubilee Metals To Become Operator Of Inyoni Chrome Processing Plant

Jubilee Metals To Become Operator Of Inyoni Chrome Processing Plant

24 Aug 20 12:38

Jubilee Metals Signs Chrome Offtake Agreement For Windsor Plant

Jubilee Metals Signs Chrome Offtake Agreement For Windsor Plant

13 Aug 20 10:33

IN BRIEF: Jubilee Metals Signs Agreement For Rights To Copper Ore

IN BRIEF: Jubilee Metals Signs Agreement For Rights To Copper Ore

6 Aug 20 14:25

Jubilee secures rights to process 2m tonnes of copper run-of-mine

(Sharecast News) - Jubilee Metals Group has signed a joint venture agreement with a private Zambia company, it announced on Thursday, securing the rights to process two million tonnes of copper run-of-mine material containing more than 2% copper.

6 Aug 20 10:57

Jubilee Metals Revenue Surges In First Half With "Key Milestones"

Jubilee Metals Revenue Surges In First Half With "Key Milestones"

13 Jul 20 08:48

Jubilee Metals secures rights to copper tailings in Zambia

(Sharecast News) - Jubilee Metals Group has secured the rights to around 150 million tonnes of copper-containing surface tailings, targeted to be upgraded at site and refined at its Sable Refinery in Zambia, it announced on Thursday.

18 Jun 20 13:20

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.