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Jubilee Metals Group

Zimbabwe mining: Platinum has promise and lithium looms large

President Emmerson Mnangagwa desperately wants to show that he can turn the economy around and is looking for quick wins from the mining sector, which had been spooked by his predecessor’s indigenisation plans. Mnangagwa does not want to completely liberalise the sector, and the government still insists on majority local ownership for platinum and diamond mining projects. A new mining bill now making its way through parliament proposes to force mining companies to list on the local stock exchange, though foreign minister Sibusiso Moyo told an audience at Chatham House in London on 25 April that the clause would be taken out.

Jubilee Metals Group (LON:JLP) is a diversified metals recovery company, focusing on the reprocessing of historical mine waste and surface materials.

Jubilee’s shares are traded on the AIM Market of the London Stock Exchange and the South African Alt-X of JSE Limited.

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