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Jubilee Metals Group Plc

High-flying Amplats sets ‘next wave of strategy’ in motion

Mining Weekly Online has reported that shareholders pocketed R3-billion in dividends off a combined production of 5.2-million ounces of PGMs, and saw their shares perform as the star of the Johannesburg Stock Exchange’s All Share Index.

The next wave strategy now involves Amplats CEO Chris Griffith squeezing every last drop out of its PGMs mines and joint ventures in South Africa and Zimbabwe in a stabilising, optimising and then global benchmarking progression using low capital expenditure (capex) and targeting lightning-quick, high-margin payback.

Huge capex going into large, new long-horizon projects is being avoided and capex-light, fast-return investments are now mainstream and take in even ultra-fine peripheral opportunities in chrome recovery.

Gareth Owen Jubilee Metals Group (LON: JLP) Business Development Manager told DirectorsTalk:

“Jubilee’s diverse PGM capabilities beyond Platinum production only is set to reap rewards with positive news in the Rhodium and Palladium markets as demonstrated by Amplats diversification strategy within the PGM market. Palladium forms nearly 40% of our revenue at the Hernic project and is a great indicator for the Jubilee’s project earnings.”

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.