Jubilee Metals has taken a decisive step towards operational stability with regulatory approval for a new power supply agreement in Zambia. With power delivery commencing on January 20, the company has successfully restarted its Roan concentrator, ensuring a reliable power supply to underpin its operations moving forward.
This new agreement, forged with a broad-based power provider, represents a strategic shift for Jubilee Metals. By diversifying its energy sources and securing access to a distributed power network, the company has significantly reduced its dependence on a single supply source. This approach not only mitigates risks associated with localised power disruptions but also ensures a more robust and stable energy framework. Importantly, the cost of this agreement aligns with Jubilee’s existing power arrangements, offering both financial prudence and operational consistency.
The additional power solution is now fully operational and capable of meeting the complete energy requirements of the Roan concentrator and the Sable processing plant. Leveraging a diversified network of power generation sources, Jubilee has fortified its ability to deliver uninterrupted operations across its facilities.
As the company prepares to restart the Roan concentrator, copper production is expected to return to targeted levels as the ramp-up progresses. Jubilee Metals’ CEO, Leon Coetzer, commended the team’s resilience in overcoming recent challenges, emphasising the transformative impact of the new power agreement. According to Coetzer, this marks a turning point for the company’s Zambian operations, addressing historical power constraints while ensuring reliability and resilience in production.
Jubilee Metals continues to solidify its position as a leader in metals recovery and beneficiation, with innovative solutions and strategic planning driving its success.
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.
