The copper operations in Zambia of South Africa’s Jubilee Metals showed strong growth in the six months to December 31, with further sharp increases expected going forward.
The Johannesburg- and London-listed Jubilee, led by CEO Leon Coetzer and chaired by former Mpumalanga Premier Mathews Phosa, recovers copper in Zambia and chrome and platinum group metals (PGMs) in South Africa, from historical waste rock, run-of-mine materials and tailings.
In the six months ended December 31, the continued expansions of copper and chrome were able to offset the fall in PGM metal prices to provide revenue and earnings growth.
Jubilee Metals Group plc (LON:JLP) is a diversified metal recovery business with a world-class portfolio of projects in South Africa and Zambia. The Company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including Platinum Group Metals, chrome, lead, zinc, vanadium, copper and cobalt.
