Jubilee Metals Group Plc Kabwe mining licence has been reinstated for the project with BMR

Leon Coetzer, Chief Executive commented: “We welcome this decision by the Minister of Mines and Mineral Development of Zambia which, recognises the work already performed on the Project and the advanced state of the Project’s execution readiness.

The execution of the Project which includes a lead, zinc and vanadium recovery circuit will be placed on an accelerated programme. Our project team continued working unabatedly on the execution of the Project and we are confident that the time lines specified under the reinstatement conditions of the licence can be met. “

Jubilee Metals Group Plc LON:JLP this morning told DirectorsTalk that the mining license for the Kabwe project in Zambia, has been reinstated with immediate effect by the Minister of Mines and Mineral Development. This reinstatement of the mining licences paves the way for Jubilee in partnership with BMR Group PLC to commence with the joint execution of the project.

 

The Project mining licence 7081-HQ-SML was reinstated with immediate effect, subject to conditions specified by the Minister of Mines and Mineral Development. These conditions were set to ensure the execution of the project is advanced without delay.

Conditions include that plant construction commence within 3 months of the reinstatement of the licence with commissioning commencing by 30 September 2018 and the first production due by 30 December 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

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

Jubilee Metals Group plc

Copper prices set to surge 75% in next 2 years

Increased demand for copper, flagging supply, as well as falling dollar strength in the second half of the year paint a constructive outlook for copper prices. For investors looking at both the short-term and long-term potential