Jubilee Metals Group plc (LON:JLP), a diversified metals producer with operations in Zambia and South Africa, has provided an update on the implementation of its Copper Strategy in Zambia.
The Zambian Copper strategy is centred around an initial processing capacity target of 25 000 tonnes of copper per year, supported by two key operational sites: the integrated Sable Refinery (Sable) and the upgraded Roan Concentrator (Roan). The Company aims to fully utilise this capacity by bringing its secured copper resources into production through open-pit mining operations and the reprocessing of surface waste.
A crucial factor for successfully executing the Copper Strategy was securing a stable power supply, a significant challenge in Zambia. The Company has announced that its recently signed power purchase agreement with Lunsemfwa Hydro Power Company (LHPC) which has been implemented, with uninterrupted power being delivered to Jubilee’s operations as of last week covering all of its processing plants’ power requirements with 100% renewable power.
