Jubilee Metals Group Expands Operations with Abu Dhabi Joint Venture and Zambia Copper Project, Extends Chrome Tolling Agreements

Jubilee Metals Group, a leading diversified metals processor, is making…

Zambia Copper Project

Jubilee Metals Group, a leading diversified metals processor, is making significant strides in its expansion efforts with the formation of a joint venture (JV) vehicle alongside Abu Dhabi’s International Resources Holding (IRH). This venture will facilitate the implementation of a copper waste rock project in Zambia and the upgrade of Jubilee’s Roan copper facility, marking a substantial advancement in the company’s strategic growth initiatives. Additionally, Jubilee has extended its chrome tolling agreements, further solidifying its position in the chrome and platinum group metals (PGMs) sector. Let’s delve into the details of these developments.

Joint Venture with IRH for Zambia Copper Project

Jubilee Metals Group is set to embark on a transformative journey with the establishment of a joint venture with Abu Dhabi’s International Resources Holding (IRH) for the implementation of a copper waste rock project in Zambia. This ambitious project aims to process over 260 million tonnes of copper-containing surface material, with an initial investment estimated at $50 million. The project will commence with the deployment of four modular processing plants, boasting a combined capacity of 2.4 million tonnes per year. These plants are designed to produce more than 20,000 tonnes per year of copper concentrates, with 30% of the output attributable to Jubilee. The venture signifies a strategic partnership aimed at leveraging Jubilee’s operational expertise and IRH’s capital resources to unlock the value of waste materials, highlighting the company’s commitment to sustainable resource utilization.

Expansion of Roan Copper Facility and Chrome Operations

Jubilee’s expansion efforts extend beyond the Zambia project, as the company continues to enhance its Roan copper facility and chrome operations. The Roan plant upgrade, which mirrors the design of the modular processing units deployed in the waste rock project, is poised to increase the facility’s capacity to produce up to 13,000 tonnes per year of copper concentrates. Concurrently, Jubilee has secured an extension of its chrome tolling agreements through February 2027, underscoring its long-term commitment to the chrome sector. With a total processing feed capacity of 2.4 million tonnes per year across its Windsor and Inyoni operations, Jubilee is well-positioned to capitalize on the robust demand for chrome concentrates.

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Advancements in Project Munkoyo

Jubilee’s endeavors in Zambia extend beyond the waste rock project, as evidenced by the progress made in Project Munkoyo. The company’s resource definition efforts have identified significant copper mineralization, supported by a large magnetic anomaly uncovered during an aeromagnetic survey. These findings validate the potential for establishing a mining operation capable of processing 25,000 tonnes per month of copper reef at the Sable refinery, thereby creating employment opportunities and fostering economic growth in the region. Jubilee’s strategic collaboration with small-scale miners underscores its commitment to sustainable development and community engagement in Zambia’s mining sector.

Chrome Business Expansion and Contract Renewals

In South Africa, Jubilee’s chrome business continues to thrive, fueled by the extension of its chrome tolling agreements and ongoing capacity expansions. The company has committed to expanding its chrome operations at Thutse, adding a second processing unit with a capacity of 300,000 tonnes per year. With a total chrome processing capacity of 1.45 million tonnes per year, Jubilee is poised to capitalize on the burgeoning demand for chrome concentrates, driven by the growing needs of the stainless steel and automotive industries. The renewal of tolling agreements underscores industry recognition of Jubilee’s processing capabilities and operational excellence.

Jubilee Metals Group’s strategic partnerships, expansion initiatives, and operational achievements underscore its position as a leading player in the global metals processing industry. With a strong focus on sustainability, innovation, and community engagement, the company is well-equipped to navigate the evolving landscape of the mining sector while delivering value to its stakeholders. As Jubilee continues to expand its footprint and enhance its operational capabilities, it remains poised for sustained growth and success in the years to come.

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