INTERVIEW: Jubilee Metals Group Kabwe Project Status Update

Jubilee Metals Group (LON:JLP) CEO Leon Coetzer talks to DirectorsTalk about its latest Kabwe project update. Leon provide some clarity around how they are both constructing the processing plant while certain sections are being developed. Leon also explains how critical on-going discussions are with the Zambian Government.

Project Highlights

· Zinc recovery circuit under construction

· Development of the lead and vanadium recovery circuits progressing

Leon Coetzer, Chief Executive Officer, says: “The construction of the zinc recovery circuit of the Kabwe project is progressing. Our initial focus is on the completion of the zinc recovery circuit while our research and development teams conclude the testing of the lead and vanadium circuit design parameters.

Our process development teams have been able to determine a more suitable process solution than the originally contemplated acid and brine solution for the extraction of the various metals at Kabwe. The updated process flowsheet offers the potential to both improved capital efficiency as well as reduced circuit complexity.

This process circuit development lies at the heart of Jubilee’s expertise to develop suitable metal recovery processes for historical mine wastes.

I expect the team to conclude the full circuit design and project financial parameters targeting the three metals, zinc, lead and vanadium by the end of August 2018. Jubilee and BMR Group PLC have agreed to extend the contractual period to conclude the circuit design and project budget to align with this target date.

Jubilee will continue to fund the construction of the zinc circuit during this period and we continue to have positive discussions with the Department of Mines and Minerals in Zambia.”

Kabwe zinc, lead and vanadium project (Zambia)

Jubilee is pleased with the progress made on the Kabwe project by the technical development and project execution teams.

The project’s updated process flowsheet separates the zinc and lead recovery circuits which allows the construction of the zinc recovery circuit to progress while the development of the lead and vanadium recovery circuits continue.

The recovery circuit’s development by Jubilee’s research and development team includes work to evaluate the optimal product purity specifications to improve the capital efficiency of the project. It is anticipated that the full process circuit design will be completed by the end of August 2018. The completed design will form the basis for the updated project financial parameters and required capital budgets.

Jubilee Metals Group Plc and BMR agreed to extend the contractual period to conclude the initial design, work program and budget for the construction of the combined Kabwe processing plant as stipulated under the Shareholders Agreement entered into between Jubilee, Kabwe Operations Limited and BMR Group PLC to 31 August 2018.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Jubilee Metals Group Plc

More articles like this

Jubilee Metals Group plc

Why Copper prices are outperforming gold and silver

Copper prices have outperformed both gold and silver so far this year, as traders bet on growing, long-term needs for the industrial metal in artificial intelligence and electric vehicles. The copper market has reached an “Isaac

Jubilee Metals Group plc

Copper prices surge on Supply Concerns and M&A Speculation

Copper prices moved higher on Monday, driven by dwindling raw material supply and investors’ focus on a potential BHP Group-Anglo American deal that would make the world’s largest copper miner. Three-month copper on the London Metal Exchange CMCU3 advanced 0.5%to $10,018.50 per

Jubilee Metals Group plc

Jubilee Metals reports record chrome production levels

Jubilee Metals Group PLC (LON:JLP), a leading diversified metals processor in Africa with significant operations in South Africa and Zambia, has published its Operational Update and production figures for the quarter ended 31 March 2024 and also provides

Jubilee Metals Group plc

Copper demand surges amid global supply challenges

In the midst of global supply challenges, copper demand remains robust, propelled by the energy transition and advanced technologies such as artificial intelligence (AI). This mounting demand signals a bullish market trend for the versatile metal,

Jubilee Metals Group plc

Copper Demand and Price Surge: A Boon for Jubilee Metals Group plc

Copper prices have surged, trading near a 15-month high. This spike, driven by concerns over supply and optimistic demand forecasts, marks a significant phase in the commodity’s market behavior. Jubilee Metals Group plc (LON:JLP), with its strategic operations

Jubilee Metals Group plc

Copper prices rise as Chinese inventories slow

London copper prices rose on Monday, rebounding from a weekly loss, as the piling up of inventories in top consumer China slowed. Three-month copper on the London Metal Exchange (LME) CMCU3 rose 0.5% to $8,912 a metric ton

Jubilee Metals Group plc

Chinese smelters’ production cut boosts Copper prices

Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut. Benchmark three-month copper on the London Metal Exchange