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Jubilee Metals Group announces R127 million copper waste sale, share price rises by 7.7%
April 04, 2025
|The Star
JUBILEE Metals Group's share price shot up 7.7% on the JSE Thursday morning after the agreement was announced to sell 10 million tons of copper waste from about $6.75 million (R127.05m), from the $90 million tons of material to a selected international company.
“Under this agreement, Jubilee will gain a dedicated stream into the performance of the material which is processed at the partnered company's existing facilities, which will provide a high degree of confidence in the expected performance on material if processed in future by Jubilee,” Jubilee CEO Leon Coetzer said in a statement.
He did not disclose the name of the multinational company that would buy the copper waste.
The share price traded at 84 cents on the JSE, a price well down from R1.56 per share it traded at a year ago.
Jubilee is a diversified metals processor in Africa with copper operations in Zambia and chrome and PGM (platinum group metals) operations in South Africa.
هذه القصة من طبعة April 04, 2025 من The Star.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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