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
(Alliance News) - Jubilee Metals Group PLC said on Monday its new plan places the metal processing company on pathway to reach its long-term copper production target. Read More
Jubilee Metals Group PLC - London-based metal processing company - Shareholders have approved the sale of its chrome and platinum group metal operations in South Africa at a general meeting on Thursday. 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
Jubilee Metals Group PLC - London-based metal processing company - Jubilee will ask its shareholders to vote at a general meeting on August 28 on the proposed sale of its chrome and platinum group metal operations in South Africa. 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 it expects sharply higher copper production for the financial year, with its expansion progressing "significantly" in Zambia. Read More
(Alliance News) - Jubilee Metals Group PLC on Monday described its annual chrome and platinum production performance as "strong", though it expects lower output of chrome in the year ahead. Read More
(Alliance News) - Jubilee Metals Group PLC on Thursday said it is working to finalise the sale of its chrome and platinum group metal operations in South Africa. Read More
Jubilee Metals Group PLC - London-based metal processing company with projects in South Africa and Zambia - Tracey Kerr will retire as a non-executive director from June 30. Says Kerr was recently appointed senior independent director for Hochschild Mining PLC. "This new responsibility will require increased attention from Ms Kerr, and as such she will be stepping down from her role at Jubilee," it adds. Kerr joined the board in July 2022. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - London stocks were mixed at midday on Wednesday ahead of policy meeting minutes from the US Federal Reserve at 1900 BST, and as oil prices begin to rise in the wake of potential US sanctions on Russia. Read More