DIVERSIFICATION
What Jubilee plans in new growth strategy
Jubilee Platinum is preparing to diversify its processing interests into copper, nickel, zinc and lead, potentially looking outside SA for growth opportunities. Jubilee, after a long spell of building its presence in tailings retreatment to extract chrome and platinum group metals (PGMs), is actively involved in discussions to grow the company, said CEO Leon Coetzer and chairman Colin Bird. The Tjate prospect, an undeveloped PGM resource, will be funded through the inclusion of a large partner, with the strategic importance of Tjate to its neighbours implying it could be one of SA’s large platinum miners. The cost of the mine, which would need a shaft of 1.15km, was pegged at about $650m, a price well out of reach for Jubilee, which has a market capitalisation of R805m. However, it was in tailings retreatment at Dilokong near Steelpoort and at Hernic near Brits that Jubilee was making its mark as a producer and attracting the interest of "blue-chip companies" to find ways to team up...
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