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Pin to quick picksJubilee Metals Share News (JLP)

Share Price Information for Jubilee Metals (JLP)

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Share Price: 8.00
Bid: 7.90
Ask: 8.10
Change: 0.00 (0.00%)
Spread: 0.20 (2.532%)
Open: 8.10
High: 8.10
Low: 7.95
Prev. Close: 8.00
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Jubilee Platinum's Q3 chromite concentrate production rises

Fri, 21st Oct 2016 08:56

(ShareCast News) - AIM-listed explorer Jubilee Platinum's subsidiary Jubilee Tailings Treatment Company reported that chromite concentrate production rose during the third quarter while construction of a platinum processing plant "continues to progress to schedule".For the South African Dilokong mine, production of chromite concentrate for the third quarter increased 88.04% to 28 559 tonnes, compared to the previous quarter.Project revenue generated from chromite concentrate sales rose 108.22% to £2.09m, while chromite project earnings were up 108.13% to £1.55m.The company's earnings attributable from the chromite concentrate production rose 94.73% to £888,000A review of platinum processing was completed, which resulted in combining on-site upgrading of platinum content of the material to about double of the value prior to toll processing the platinum rich feed material.For the Hernic Ferrochrome platinum processing project in North West Province, South Africa, construction of the 660,000 tonnes per year of platinum and chromite processing plant continues to progress to schedule with a target date of December.The project's capital expenditure to end of September was £7.45m, the equivalent of 71% of total projected capital.Chief executive Leon Coetzer said: "The construction of the Hernic project remains on schedule ... process hardware has been installed and indicates the significant progress made as the project nears the completion of the construction phase."The company continues to actively pursue projects consistent with our stated mission to increase cash flow and enhance shareholder value. We are confident that we will shortly conclude a further acquisition with discussions progressing favourably in other areas of acquisition and joint venture."Shares in Jubilee Platinum were up 3.38% to 3.67p at 0938 BST.
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11 Aug 2014 09:35

Jubilee Platinum Subsidiary Nears Mining Right For Tjate Project

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21 Jul 2014 11:07

Jubilee Platinum Swings To Profit At Middelburg In Second Quarter

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1 Jul 2014 10:06

Jubilee Platinum Continues Strong Production At Middelburg

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27 Jun 2014 16:34

Petroceltic board stocks up after placing approved

The board members of oil and gas company Petroceltic International has purchased a round of shares at 157p each following the placing announced last month, the second tranche of which was approved on Thursday at an extraordinary general meeting. The largest deals were carried out by Chief Executiv

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27 Jun 2014 11:04

DIRECTOR DEALINGS: Jubilee Platinum Chairman Buys 1.3 Million Shares

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20 Jun 2014 10:32

Jubilee Platinum Says Revamped Middleburg Smelter Hit Target In May

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9 Jun 2014 09:44

Jubilee Platinum Signs Access Deal To Tailings At Dilokong Chrome Mines

LONDON (Alliance News) - Jubilee Platinum PLC Monday said it had signed a deal with ASA Metals Proprietary Ltd giving Jubilee the exclusive right to access the platinum group metals bearing tailings on the Dilokong Chrome Mines mine area and the right to build a dedicated chrome and platinum grou

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6 May 2014 07:14

Jubilee Platinum Finishes Middelburg Smelter Renewal

LONDON (Alliance News) - Jubilee Platinum PLC Tuesday said the third ARC furnace at its Middelburg smelter had been commissioned after it reached the targeted design ferroalloy metal production rate, the last stage of the smelter's revamp. In a statement, the company said the targeted outpu

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14 Apr 2014 10:49

Jubilee Platinum Starts Commissioning Third Arc Furnace At Middelburg

LONDON (Alliance News) - Jubilee Platinum PLC Monday said it has begun commissioning the third Arc furnace at its Middelburg smelter operations in South Africa, and has also submitted a scoping report for its Tajate platinum project to South Africa's Department of Mineral Resources. The com

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26 Mar 2014 11:35

Jubilee Platinum Loss Narrows As Revenues Rise, Costs Are Cut

LONDON (Alliance News) - Jubilee Platinum PLC Wednesday reported a narrower loss for 2013 as it cut operating costs and revenues rose. The AIM-listed miner reported a pretax loss of GBP1.5 million for 2013, compared with a loss of GBP3.97 million in 2012, as revenues rose to GBP2.3 million

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13 Mar 2014 13:36

Jubilee Platinum Terminates Acquisition Process For Platinum Australia

LONDON (Alliance News) - Mine-to-Metals specialists Jubilee Platinum PLC Thursday said it mothballed plans to acquire Platinum Australia after failing to reach an agreement on how to structure the deal. The company's started discussions around 15 months ago, but rising debt at Platinum Aust

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24 Feb 2014 11:52

Jubilee Platinum Restructures Balance Sheet Through Placing, Loan Deals

LONDON (Alliance News) - Jubilee Platinum PLC Monday said it had conditionally raised about GBP435,000 in a placing, as it also said its Power Alt Pty unit had settled a loan with Investec while its Braemore Resources unit had done a non-converting loan deal. In a statement, the company sai

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24 Feb 2014 10:47

Jubilee Platinum restructures capital structure

AIM-listed Jubilee Platinum has announced a restructurning of its capital structure. The main measure is an agreement to place 24.9m new ordinary shares at a price of 1.75p each one to raise appoximately 435,000 pounds. The funds will be directed at fully redeeming notes placed with Darwin Strateg

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20 Feb 2014 14:23

Jubilee Platinum Gets Reinstated Power Purchase Agreement In South Africa

LONDON (Alliance News) - Jubilee Platinum PLC Thursday said that the national energy provider of South Africa has reinstated a private power purchase agreement the company's subsidiary Power Alt Pty Ltd entered into on December 2012. The mining company said its subsidiary will start supplyi

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5 Feb 2014 10:37

Jubilee Platinum Receives Conversion Notice; ARC Furnace On Schedule

LONDON (Alliance News) - Jubilee Platinum PLC Wednesday said it has received a notice of exercise from Darwin Strategic Ltd, which wants to convert GBP450,000 of its loan notes into equity at 1.82967 pence a share. About 24.6 million shares will be issued to Darwin Strategic, which will sti

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