Jubilee Metals: Waste not, want not
As the prices of PGM metals dropped, the company’s copper operations have become more important. The low carbon footprint of its processing plants and its antipollution efforts count in its favour
Jubilee Metals is a diversified metals producer with a focus on extracting value from marginal but easily accessible resources such as mine waste rather than on conventional mining. It has established platinum group metals (PGMs) and chrome operations in South Africa alongside a burgeoning copper business in Zambia.
Its small size allows Jubilee to follow an opportunistic approach to acquiring feedstock for its processing plants. This includes open-pit mining, whether independently done or in partnership with others, buying waste material and run-of-mine ore from others, or entering into tolling agreements for metal to be processed at a fixed margin. This model removes some of the risks inherent in traditional mining, such as unstable geological conditions or finite life-of-mine limits...
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