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Jubilee’s processing plans protect firm from platinum price, says CEO

Leon Coetzer, chief executive of Jubilee Platinum (LON:JLP), says the firm’s platinum processing operations will avoid key risk areas and become profitable, even with platinum prices at historic low levels.

“None of our projects are true mining,” says Coetzer. “We’re focusing on the materials which have been mined.

"That means we avoid labour challenges, major fundraising challenges and the weaker platinum price."

Jubilee recently sold its smelting and power generating operations in South Africa.

Now the firm is focused on bringing its platinum tailings projects at ASA’s Dickong chrome mine and with chrome group Hernic on stream. The ASA project could be up and running in nine months times.

Quick facts: Jubilee Metals Group Plc

Price: 15.81 GBX

AIM:JLP
Market: AIM
Market Cap: £354.41 m
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Jubilee Metals Group PLC's (LON:JLP) Leon Coetzer caught up with Proactive London about their  'year of delivery' of their South African chrome strategy and operations.  Coetzer says there has been 'tremendous growth of production both in platinum, palladium as well as our chrome...

on 14/12/20

2 min read