Jubilee Metals Group PLC - London-based metal processing company, with projects in South Africa and Zambia - Creates dedicated executive subsidiary boards to reflect "business maturity" attained by the South African and Zambian operations. Appoints Mathews Phosa as chair of the holding company of its SA Operations, with immediate effect. Names Chief Operating Officer Bertus van der Merwe as managing director of the SA board.
Jubilee said the Zambian board will include its Chief Executive Officer Leon Coetzer, who will chair the board, and Chief of Energy Metals, Ricus Grimbeek, who will become a managing director. Muna Hantuba, will also join the Zambian board.
Current London stock price: 5.14 pence
12-month change: down 45%
Current Johannesburg stock price: ZAR1.33, up 2.3%
12-month change: down 35%
By Artwell Dlamini, Alliance News reporter
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Jubilee Metals (JLP)