Jubilee Metals has taken a vital step to overcome power-related disruptions that hampered its Zambian operations by securing additional electricity supply for its Roan copper project. This strategic move not only stabilises operations but also positions the company to mitigate the risks of future power outages in the region.
Jubilee faced significant hurdles during the December quarter, as inconsistent electricity supply disrupted its copper production in Zambia. These challenges stemmed from “extraordinary circumstances” beyond the company’s control, which highlighted the vulnerability of relying on a single power source. To address this, Jubilee proactively negotiated a new power supply agreement designed to tap into a broader generation network, diversifying its energy sources to enhance reliability and reduce exposure to localised grid instabilities.
With regulatory approval now secured for this agreement, Jubilee has bolstered its capacity to maintain steady operations at its Roan copper project. Although copper production for the six months to December reached 1,454 tons—down from 1,683 tons in the prior year and short of the revised 1,800-tonne target—the improved power framework offers a promising foundation for future growth.
Jubilee Metals remains committed to unlocking value in southern Africa through sustainable mining initiatives and innovative solutions to operational challenges.
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.
