11th Aug 2014 09:35
LONDON (Alliance News) - Jubilee Platinum PLC Monday said its subsidiary Tjate Platinum Corporation Proprietary Ltd has submitted its Environmental Impact Assessment and Environmental Management Programme to South Africa's Department of Mineral Resources for its Tjate Platinum Mine Project in the country.
This submission is a step forward in achieving a mining right for the Tjate Project, said the company.
Jubilee also said Monday that it is progressing towards the sale of its Quartzhill farm which is expected to generate gross sale proceeds of GBP4.1 million.
In addition, the company said its Middleburg Operations sustained positive earnings for July in spite of the challenges faced at smelter operations due to the national labour strikes by employees affiliated to the National Union Of Metal Workers of South Africa.
Jubilee Platinum shares were quoted up 6.6% at 1.38 pence, making it one of the biggest gainers on AIM.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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