मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
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Jubilee Metals Group announces R127 million copper waste sale, share price rises by 7.7%
Cape Times
|April 04, 2025
JUBILEE Metals Group's share price shot up 7.7% on the JSE Thursday morning after the agreement was announced to sell 1.9 million tons of copper waste to Glencore in about $6.75 million (R127.05m), from the 6.93 million tons of material to a selected international company.
Under this agreement, Jubilee will gain a 'deferred return' 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 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.
यह कहानी Cape Times के April 04, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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