Jubilee Metals Group plc (LON:JLP), a leading diversified metals processor in Africa, with a substantial contribution to global chrome concentrate production in South Africa (SA Operations) and expanding copper operations in Zambia (Zambia Operations), has announced the formation of dedicated executive subsidiary boards to better reflect the current levels of business maturity attained by the SA and Zambia Operations and capture and implement the various growth opportunities.
Highlights
SA Operations
· Formation of a dedicated board of directors for Jubilee’s SA Operations.
· With immediate effect, Dr Mathews Phosa will be appointed as chairperson of the holding company of Jubilee’s SA Operations (SA Board) with Jubilee’s current Chief Operating Officer, Bertus van der Merwe, appointed as Managing Director of the SA Board. The formation of the dedicated SA Board recognises the maturity of the SA Operations as an established cashflow generative business able to fund its growth objectives with its partners.
