(Alliance News) - Jubilee Metals Group PLC reported on Tuesday its interim loss narrowed at it prepared to ramp up copper production after disposing of chrome and platinum group metal operations. Read More
Jubilee Metals Group PLC - London-based metal processing company - Plans to integrate pit two and three to form an enlarged open-pit mine at its Molefe copper operation in Zambia. Once complete, the mining rate of the copper reef will increase to 60,000 tonnes per quarter from the current capacity of 15,000 tonnes per quarter. "The integration of pit 2 and 3, together with an accelerated stripping programme, positions the operation to deliver a stable and consistent feed to our Sable Refinery," Jubilee Chief Executive Officer Leon Coetzer says. Read More
Jubilee Metals Group PLC - London-based metal processing company - Says the phase-one infill drilling results confirm the continuity of near-surface copper oxide mineralisation and consistency of grades at its Molefe copper mine in Zambia. Results support the Molefe mine's expansion plan, and Jubilee's strategy to secure high-quality copper feed sources from owned resources to underpin its growing processing operations in Zambia. Read More
Jubilee Metals Group PLC - London-based metal processing company - Says it has delayed phase one drilling results at its Molefe copper mine in Zambia, pending the formal sign-off from the "competent person". Says it will release the results as soon as the sign-off process is complete. Read More
Jubilee Metals Group PLC - London-based metal processing company - Says it will ask its shareholders to vote on its proposed capital reduction plan at a general meeting on April 8. Notes that the reduction of share premium account aims to restructure its balance sheet so as to increase the distributable reserves available to support its ability to make future payments of dividends to its shareholders and undertake potential share buybacks. Read More
Jubilee Metals Group PLC - London-based metal processing company - Secures additional high-grade copper feed material for its Roan copper concentrator plant in Zambia for USD1.8 million. Says it will settle the payment of USD1.8 million through the issue of 29.8 million new shares at 4.48 pence each. "The large waste rock project continues to progress towards the conclusion of a joint venture, with two potential partners shortlisted for the project to upgrade the copper stockpile and refine the recovered material into copper," Jubilee Chief Executive Officer Leon Coetzer says. Read More
(Alliance News) - Jubilee Metals Group PLC on Friday signalled that it plans to change the composition of its board after selling its chrome and platinum group metal operations in South Africa. Read More
(Alliance News) - Jubilee Metals Group PLC on Thursday maintained its annual guidance after delivering a "solid" production performance for the first half of its financial year. Read More
Jubilee Metals Group PLC - London-based metal processing company - Non-Executive Director Nicholas Taylor resigns after five years, with immediate effect. Taylor joined the board in 2020. "On behalf of the board, I would like to thank Nick for his more than five years of service and wish him well with his future endeavours. He has provided valuable input on numerous matters as a member of various committees during his time with the company," Jubilee Chair Mathews Phosa says. Read More
Jubilee Metals Group PLC - London-based metal processing company - Receives the second cash instalment of USD10 million for the sale of its chrome and platinum group metal operations in South Africa. The transaction was completed on Friday last week. In June last year, Jubilee received a "conditional binding offer" from One Chrome (Pty) Ltd to acquire Jubilee's chrome and PGM assets for up to USD90 million, which amounted to around ZAR1.60 billion at the time. Following this disposal, Jubilee will solely focus on its Zambian copper business, which includes the Molefe open-pit copper mine, Sable refinery and Roan copper concentrator plant. It has stated that it has retained its investment in the Tjate platinum project in South Africa as it continues to explore options to monetise this asset. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM on Tuesday. Read More
(Alliance News) - Jubilee Metals Group PLC on Friday said it has completed the sale of its chrome and platinum group metal operations in South Africa. Read More
(Alliance News) - Galileo Resources PLC on Wednesday said it swung to an interim loss, as the company lacked last year's disposal gains which had boosted its bottom line amid exploration advancement. Read More
(Alliance News) - Jubilee Metals Group PLC on Wednesday reported a swing to annual loss as it focused on copper operations and pressed on with plans to dispose of platinum group metal and chrome businesses. Read More
(Alliance News) - Jubilee Metals Group PLC and Galileo Resources PLC said on Friday they have signed an agreement that will see Galileo help develop Jubilee's Molefe copper mine in Zambia in collaboration with Jubilee. Read More
(Alliance News) - Jubilee Metals Group PLC reported on Friday its copper production surged in the first quarter of its financial year as its open-pit copper mine expanded and plants operated a full capacity. Read More
Jubilee Metals Group PLC - London-based metal processing company - South African Competition Tribunal has unconditionally approved Jubilee's sale of chrome and platinum group metal operations in South Africa. Jubilee still requires approval from the South African Reserve Bank. Shareholders endorsed the disposal late in August. Early in June, Jubilee said it had received a "conditional binding offer" from a private mining and metals trading company to acquire its South African chrome and PGM business for up to USD90 million, or ZAR1.60 billion. Read More
(Alliance News) - Jubilee Metals Group PLC reported on Friday the end of the OBB chrome ore supply contract hit its production for the first quarter of its financial year. Read More