Jubilee Metals Group Makes Strides in Copper Production in Zambia
In exciting news from the metal processing sector, Jubilee Metals Group PLC, a London-based company at the forefront of sustainable metal recovery, is rapidly advancing its trials on high-grade copper ores at its Roan copper concentrator in Zambia. This significant progress reflects Jubilee’s commitment to enhancing copper production while prioritizing environmental sustainability.
According to Africazine, the firm has reported promising early results from its ongoing trials, aiming to finalize the testing within the next two weeks. These trials are crucial as they will guide the selection of materials for a long-term supply agreement—a move that could cement Jubilee’s position as a leader in the region’s copper market. Chief Executive Officer Leon Coetzer has indicated that the initial findings suggest Roan has the potential to dramatically boost copper production rates, particularly with high-grade materials.
While the trials have experienced slight delays due to necessary adjustments in processing the varying compositions of ores, the management remains optimistic and focused on achieving operational excellence. Coetzer noted, “The in-circuit adjustments are paramount for us to achieve optimal processing capabilities. We are committed to ensuring that every step we take enhances the efficiency and output of our operations.”
In addition to the advancements at the Roan concentrator, Jubilee is on track to ramp up operations at its Munkoyo Open-Pit mine, with expectations to reach an impressive output of 8,500 tonnes per month of high-grade run-of-mine copper. This initiative not only underscores Jubilee’s growth trajectory but also emphasizes the potential Zambian economy holds in the global copper market.
As of the latest updates, Jubilee’s share price was reported at 2.93 pence, marking a 2.9% increase on Wednesday, following a remarkable growth from just 0.53 pence on April 30, 2024. This impressive upward momentum signals market confidence in Jubilee’s strategic initiatives and future prospects.
With a clear focus on innovation and sustainable practices, Jubilee Metals Group is set to play a pivotal role in redefining copper production in Zambia and enhancing the country’s economy, showcasing how responsible mining can drive progress.
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Country Tags: #Zambia #SouthAfrica #WorldNews
Category Tags: #BusinessNews #Environment
