logo-loader

Jubilee Metals and BMR get Kabwe licence reinstated

Last updated: 09:15 05 Apr 2018 BST, First published: 08:04 05 Apr 2018 BST

Kabwe mine
Kabwe has to be up and running by end of the 2018

Jubilee Metals Group PLC (LON:JLP) and its partner BMR Group PLC (LON:BMR) have had their licence at the Kabwe project in Zambia restored, paving the way for development work to start.

Conditions attached to the licence reinstatement are that construction of the processing plant starts within 3 months, it is commissioned by 30 September and first production is achieved by end 2018.

READ: Jubilee Metals feels the benefit of the ramp-up at Hernic project

A lead, zinc and vanadium recovery circuit is part of the accelerated development programme.

Leon Coetzer, Jubilee’s chief executive, said the decision recognised the work already performed on the project and its readiness, while the partners were confident the conditions of the restated licence can be met.

In early trading, Jubilee Metals' shares were sharply higher at 3.02p.

 -- Adds share price --

Jubilee Metals reports strong first-half performance across all operations;...

Jubilee Metals Group PLC (AIM:JLP, JSE:JBL, OTC:JUBPF) CEO Leon Coetzer shares insights into the company's positive performance in the first half of the year in an interview with Proactive's Stephen Gunnion. Despite pressure on platinum group metals (PGM) prices, Jubilee Metals experienced a...

3 weeks, 1 day ago