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Jubilee Platinum plc is a platinum focused mining and exploration company with world-class platinum assets. The Company’s exclusive rights to a unique process for the smelting of high chrome-bearing platinum concentrates gives the Company a strategic competitive edge over its peers. Jubilee’s shares are traded on the AIM Market of the London Stock Exchange and the JSE Limited

Website:
http://www.jubileeplatinum.com/
Phone:
+44 (0)20 7584 2155
Address:
4th Floor, 2 Cromwell Place, London SW7 2JE.
Super Sector:
General Mining - Platinum Group Metals
Sector:
Mining
Industry:
Platinum & Precious Metals
EPIC / Symbols:
LON:JLP
chart-size
*subject to change and depends on individual circumstances.

Jubilee Platinum RNS Press Releases

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Jubilee Platinum Articles, News, and Media Files

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Jubilee Platinum Related Media

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Broker press

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  • 30/08/12

    30.08.12 :-0.12, (8.63) CIBC reiterates its "sector underperformer" rating and cut its price target to 8p from 10p.

  • 03/08/12
    +0.00 +8.88

    CIBC reiterates its "sector underperformer" rating and cut its price target to 10p from 12p.

  • 27/08/10
    +0.25 +28.00

    an article in the Mail reports: Jubilee Platinum fell 0.25p to 27.75p despite rumours that larger bigger mining industry players are interested. Jubilee and Northern... read more

  • 03/07/09

    03.07.09 :-2, (44) announces it has agreed to acquire Braemore Resources PLC (BRR.LN) for about GBP26 million in shares, in a bid to... read more

  • 19/04/07

    an article in the Guardian reports: 19.04.07: -2.25, (114.5) an article in the Guardian reports: Jubilee Platinum rose 2.25p to 116.75p after platinum hit a... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
26/06/14 C. Bird BUY 1,300,000 ORD 1.53 19,890 5,517,991 1.02
15/10/13 C. Bird BUY 665,188 ORD 4.25 28,270 4,883,179 1.32
14/05/13 L.P. Coetzer BUY 27,810 ORD 7.21 2,005 0,000 N/A
24/04/13 C. Bird BUY 99,041 ORD 9.00 8,914 4,217,991 1.22
16/04/13 A.F. Sarosi BUY 64,444 ORD 7.72 4,975 64,444 0.02

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/13 Interim 2.26 -1.54 -0.46 0.00 GBX
30/06/13 Full year 4.75 -7.33 -2.41 0.00 GBX
31/12/12 Interim 2.13 -3.97 -1.40 0.00 GBX
30/06/12 Full year 3.73 -8.64 -2.61 0.00 GBX
31/12/11 Interim 1.32 -3.97 -1.24 0.00 GBX

Company Statement

Jubilee Platinum plc is a mining exploration and development company with a primary focus on platinum group elements (PGE). Jubilee also has various operational exposures to ferroalloys and chromite. Through recent acquisitions, the Company has added PGE and ferroalloy smelting and refining to its capability.

 

Jubilee’s corporate mission in the metals industry is straightforward. The Company aims to create an integrated mine-to-metals company with a primary focus on platinum. This mission is based on modern and thoroughly-proven smelting technology to process the Company’s own and other’s high-chrome PGE concentrates and, importantly, to improve mining environments by reprocessing mine tailings dumped by other miners.

 

The Company’s prime asset in South Africa is the Tjate platinum project, in which it has a 63% beneficial interest. The project’s exploration area is judged to host the world’s largest undeveloped block of defined platinum ore, covering some 5,140 hectares to a potential target of some 65 million oz (41 million oz attributable) of PGEs and gold, net of geological losses.

 

In October 2009, Jubilee acquired Braemore Resources plc, which holds an exclusive licence to the ConRoast process for the smelting of high chrome-bearing PGE concentrates and has acquired extensive process development expertise

 

Jubilee has secured its own medium-term platinum concentrates for its Middelburg smelter facilities through the acquisition of Chemstof (Pty) Ltd, a South African chromite producer.

For mor information please click here

Current Operations

Tjate

Jubilee’s 63%-owned Tjate project on the eastern limb of the Bushveld Complex is independently judged to contain the world’s largest undeveloped defined block of platinum ore. The property covers 5,140 hectares on three farms and the area has been independently judged to contain a potential net 65 million ounces of platinum group elements (PGEs) and gold. This represents the resource targeted by future exploratory drilling.

For more information please click here

 

ConRoast

Jubilee has exclusive rights to develop and commercialise the unique ConRoast smelting technology until 2020. The technology has been proved to be capable of recovering platinum group elements (PGEs) from difficult to treat ores, smelter residues, chromite tailings and high chrome platinum concentrate. Apart from the commercial potential that this affords, reprocessing old tailings dumps also contributes to significant environmental improvements in South Africa’s extensive platinum mining areas.

For more information please click here

 

Middelburg Smelting Facility

Completion of the acquisition of the Thos Begbie smelter complex in September 2010 has opened the doors to significant advances in Jubilee’s mine-to-metals strategy. The complex is located near the town of Middelburg in South Africa’s Mpumalanga province and the town itself is one of the country’s principal metallurgical centres.

For more information please click here

 

PGM containing chrome reefs

Jubilee’s unique access to the ConRoast process enables Jubilee to unlock the inherent PGM value in the traditional chrome ores via the extraction of PGMs and chrome from near- or at-surface platinum containing chrome reefs. These ores were traditionally only mined for the in-situ chrome with the PGMs either lost as part of the run-of-mine ore sale or trapped within the surface tailings from the chrome beneficiation process.

For more information please click here

Australian Nickel

The Australian strategy is founded on the reclamation and processing of large tonnages of nickel sulphide tailings at the Leinster nickel tailings property in Western Australia. The Company has the right to access the tailings through a tailing supply agreement (TSA) with the owners, BHP Billiton. The Company has the potential to access other similar tailings depending inter alia on the viability, independently assessed, of the Leinster tailings for development.

For more information please click here

Madagascar

The Ambodilafa project in Madagascar is a joint venture between Jubilee Platinum, its local subsidiary, Mineral Resources of Madagascar and Impala Platinum, which currently holds a 30% earned-in interest in the project, The partners have agreed to extend Impala’s earn-in right to acquire 51% of the project by spending $5 million until 04 April 2012.

For more information please click here

 

Management

Colin Bird - Non-executive Chairman

Colin is a Fellow of the Institute of Materials, Minerals and Mining and a UK Chartered Engineer. He has extensive coal mining experience in Zambia, South Africa, the UK, Venezuela and Spain, in addition to his involvement in the management of nickel, copper, gold and other diverse mineral operations. On 1 August 2010 Colin relinquished his position as Chief Executive Officer of Jubilee and was appointed Non-executive Chairman of the Company.

 

Dr Mathews Phosa - Non-executive Deputy Chairman

Dr Phosa, an attorney by profession, was one of the first four members of the African National Congress (ANC) to return to South Africa in 1990 from exile to progress negotiations on the change to majority rule with the then ruling National Party. Dr Phosa is a former Premier of Mpumalanga, and currently serves on the national Executive Committee of the ANC, is Treasurer General of the ANC and holds chairman, vice-chairman and board member positions for over 10 prominent companies and organisations.


Leon Coetzer - Chief Executive Officer

He joined Jubilee in August 2009 as Managing Director Refining and Smelting from Braemore Resources, where he was CEO. He has previously worked for 20-years with mining companies in the Anglo American group, including 16 years with Anglo Platinum. His last position at Anglo Platinum was as Head of Process Control and Instrumentation, and he was a member of the Executive Process Committee, the Research and Development Council, and advisor to the asset optimisation initiative at Anglo Platinum. In 2010 Leon relinquished his former position at Jubilee and was appointed Chief Executive Officer.


Andrew Sarosi - Executive Director

Andrew is a mineral processing engineer and consultant with 35 years’ experience in developing, managing, commissioning and troubleshooting in gold and silver ore, tungsten, tin, copper and zinc ore processing plants in Saudi Arabia, Ethiopia, South Africa and the United Kingdom. He is currently a consultant to the mineral resources industry and an advisor to Lion Mining Finance Limited. Andrew has previously been employed by Gold Fields, Amax Hemerdon, and Mackay and Schnellmann. Andrew joined Jubilee in 2002 and became an Executive Director in 2010.


Christopher Molefe - Non-executive Director

Christopher is the former Chief Executive Officer of Royal Bafokeng Resources and is currently the Non- executive Chairman of Merafe Resources and a Non-executive Director of Capital Oil, both in South Africa. He has held several positions in corporate banking and industry for the past 20 years, including Manager of Corporate Affairs at Mobil Oil Southern Africa. Christopher joined the Jubilee Board September 2004.

 

Eduard Victor - Finance Director

Eduard is currently Finance Director for Jubilee. After serving his articles with Malan & Du Preez and six years’ accounting experience, Eduard became the Financial Manager of Harmony Gold Mining Company Limited. He is also the former Executive Business Manager of Pan African Resources plc. Eduard joined the Jubilee team in September 2008.

For more information please click here

Major Shareholders

Information taken from Company website 10.10.2012

  • Additional Information
    Market
    AIM
    EPIC
    JLP
    Share Price
    1.43p
    Change
    0
    Volume
    304,913
    Dividend
    0
    EPS
    -2.41
    Shares
    542.35 m
    Offer
    1.45
    Bid
    1.4
    Avg. Vol
    811,682
    Yield
    0.00
    P/E
    -22.78
    Mkt Cap
    £7.76 m
  • Contact Information

    Johannesburg

    Stoney Ridge Office Park

    Cnr Witkoppen and Waterford Place 

    1st Floor, Block B, Unit 8 

    Kleve Hill Park

    Paulshof 2068

    Tel:  +27 11 465 1913

    Fax: +27 11 465 1895

     

    London

    Fourth floor

    2 Cromwell Place

    London

    SW7 2JE

    Tel:  +44 (0) 20 7584 2155

    Fax: +44 (0) 20 7589 7806

     

    info@jubileeplatinum.com

     

    Corporate Information

    Registrar

    Capita Registrars 

    The Registry

    34 Beckenham Road

    Beckenham

    Kent BR3 4TU

    Telephone:

    UK:  0871 664 0300 (calls cost 10 pence per minute plus network extras) 

    Lines are open Monday - Friday, 8:30am - 5.30pm 

    International:  +44 (0) 20 8639 3399

    E-mail: ssd@capitaregistrars.com 

    Website: www.capitaregistrars.com

     

    Financial Public Relations

    Bishopsgate Communications

    Third floor, 3 London Wall Buildings

    London Wall

    London

    EC2M 5SY

    Tel:  +44 (0) 20 7562 3350

    Fax: +44 (0) 20 8099 0589

    jubilee@bishopsgatecommunications.com

     

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