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Jubilee Metals Group PLC - London-based metals processing company - Expects commercial production at its Sable copper and cobalt refinery in Zambia to start next month. This refinery entered the commissioning phase last month in line with original timing expectations. It will produce up to 1,200 tonnes of cobalt a year, depending on the feed grade.
Jubilee Metals also says the commissioning and ramp up at the Project Roan is progressing, reaching 65% of designed capacity with first filtered copper concentrate produced for refining at Sable. It says the integration of the Sable copper and cobalt refinery with the newly constructed copper concentrator, Project Roan, continues as part of its southern refining strategy.
London stock price close: 14.00 pence
12-month change: down 26%
Johannesburg stock price close: R 2.89
12-month change: down 24%
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