British mineral company Jubilee has announced the expansion of its chrome and platinum group metals (PGMs) operations in South Africa.
The deal, signed with an unnamed miner, will see Jubilee take on chrome and PGM feed from a mine on the west end of the Bushveld region. The Bushveld belt of mines is a PGM-rich vein across the northern region of South Africa.
Jubilee will increase its processing capacity by 360,000 tonnes (t) per annum. As part of the deal, this capacity will come from a Jubilee retrofit of the mine’s disused processing facility. The upgrades are projected to be complete by the end of June 2023 at a cost of $8m (£6.38m).
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.
