"The Jubilee board has satisfied itself that the Kabwe Project is indeed a project worthy of development,” said Jubilee chief executive Leon Coetzer.
“Our test work has confirmed the quality of the base asset and has provided encouraging results for integration into our future metallurgical studies. This joint venture with BMR takes Jubilee into the Kabwe project in Zambia in alternative metals and countries and, we believe, has the potential to be significantly earnings enhancing once fully operational. This is consistent with our mission of commodity and country hedge. We intend to work with BMR to fast track this project into production."