Metals processing group Jubilee Metals has partnered with struggling Zambia’s Mopani Copper Mines (MCM) in a project seeking to produce copper and cobalt from retreating mining waste.
The joint venture (JV) comes at a critical time for the loss-making state-owned MCM, which is looking for a strategic investor.
Sibanye-Stillwater is among the bidders vying for the copper assets, which are seen as critical to the green economy as the world transitions from environmentally damaging fossil fuels.
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.
