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.