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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

Price: 2.348 GBX

AIM:JLP
Market: AIM
Market Cap: £47.37 m
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Jubilee Metals sees 'tremendous opportunity' in Zambia as it reports...

Jubilee Metals PLC's (LON:JLP) chief executive Leon Coetzer skyped into the Proactive London studio to update on operations and how recent movements in commodity prices have been impacting them. Jubilee recently posted a 74% increase in combined second-half revenue to £25mln when set against...

on 27/2/20

2 min read