(NewsDirect)
Jubilee Metals Group PLC (AIM:JLP,JSE:JBL, OTC:JUBPF) CEO Leon Coetzer speaks to Proactive's ThomasWarner after releasing an update on the metal recovery business'chrome joint venture in South Africa as well as an update on theexpansion of its Roan Concentrator in Zambia.
Coetzer talks through the company'sprogress and achievements over the six months since the most recentupdate, highlighting the expansion of the company's South Africanchrome operations, which exceeded expectations by adding 60,000 tonnesof capacity in just four months. The expansion is projected to boostgroup revenues by approximately $45 million.
Coetzer also discusses the company'sstrides in the copper sector, particularly its groundbreakingwaste-to-copper project in Zambia. The southern copper refinery is ontrack, and Jubilee Metals is scaling up its efforts to extract copperfrom historical tailings, a strategy poised to yield substantialresults. Coetzer explains that Jubilee's innovative approachesalign with buoyant chrome prices and increasing stainless steel demanddriven by India and China. Despite challenges in South Africa'sinfrastructure and power supply, Jubilee has safeguarded itsoperations with backup power systems.
The interview underscored Jubilee Metals' trajectory towardsustained growth and innovation in both chrome and copper sectors.
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