JUBILEE Platinum intends bringing two chrome and platinum group metal (PGM) projects into production this year as it assesses two further targets to add to its low-cost, cash-generating output.The downturn in the prices for PGMs and the squeeze on profitability of producers due to rising costs has created the greatest transparency and the best options for some time to access the sector, which has historically been extremely difficult for small companies to enter, said CEO Leon Coetzer and chairman Colin Bird on Tuesday.With two cash-generative tailings reprocessing projects coming on line in March and October this year, Jubilee, which also has the undeveloped Tjate underground mining prospect, was ideally placed to take advantage of financially distressed larger companies disposing of assets that would normally never become available, Mr Bird said."It’s our intention to become a midcap, midtier platinum company," he said.Jubilee was assessing two new prospects to add to its growth, ...
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