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Galileo Resources begins off-take talks with Jubilee Metals for Star Zinc ore

Galileo Resources PLC's (LON:GLR) Colin Bird updates Proactive London's Andrew Scott after announcing talks are soon to begin with Jubilee Metals PLC (LON:JLP) over the supply of zinc ore to the Sable refinery in Zambia.

Last month, Jubilee struck a deal to buy the Sable zinc refinery from Glencore PLC (LON:GLEN) for £9.2mln (US$12mln).

Quick facts: Galileo Resources PLC

Price: 0.8251 GBX

AIM:GLR
Market: AIM
Market Cap: £6.74 m
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Market Report: FTSE gains despite UK recession gloom

Headlines from the Proactive UK newsroom. The FTSE has opened up slightly higher despite news that Britain has slumped into recession - suffering its biggest decline on record between April and June, with the economy shrinking 20.4% compared with the first three months of the year - this...

on 12/8/20

2 min read