7th May 2020 14:52
(Alliance News) - Jubilee Metals Group PLC on Thursday said it restarted its operations under Covid-19 lockdown provisions in South Africa, while also making a progress in Zambia.
The metals processing company said its Windsor platinum group metals and Windsor chrome operation in South Africa have recommenced operations along with the Inyoni platinum group metals & chrome operations who resumption were previously announced.
In Zambia, at Jubilee's Kabwe sable refinery, the company said it continues to make progress, with the successful completion and commissioning of the cobalt production line to complement the producing copper refinery and sulfuric acid plant.
The construction of the zinc circuit has been hampered during this period with current restrictions enforced on the movement of equipment and supplies across borders, Jubilee noted.
"I am very pleased with the progress we are making in Zambia where we were able to successfully bring the copper and cobalt refining streams on-line to continue with the implementation and expansion of our multi metal refining capacity at the Kabwe sable refinery," said Chief Executive Leon Coetzer.
Jubilee Metals shares were trading 3.0% higher in Johannesburg on Thursday at ZAR0.68 each, while in London the shares were up 13% at 3.30 pence each.
By Evelina Grecenko; [email protected]
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