Jubilee Metals Share Discussion Threads

[sharenotes] 05/8/2019 16:40

Kabwe: first and foremost the copper line will come on-line, followed by the zinc and vanadium line. Hardly rocket science is it? Expect further statements pertaining to copper ‘deals’ in the near future.

[freedom97] 05/8/2019 16:38

Thanks deme,

[deme1] 05/8/2019 16:21

proactive investors interview with Leon




www.youtube.com/watch?v=tFWA5Xa0rZw

[freedom97] 05/8/2019 16:14

"Jubilee Metals Interim Profit And Revenue Jump As Chrome Output Surges":

[robers98] 05/8/2019 13:55

The government of Zambia has defended its efforts to kick London-listed copper miner Vedanta Resources out of the country, in an escalating row over tax and alleged underinvestment.

The southern African nation’s national mining vehicle, ZCCM, is seeking to have Vedanta subsidiary Konkola Copper Mines (KCM), its partner in the country’s largest copper mine, placed into liquidation
Vedanta responded earlier this week by seeking to have the case referred to arbitration in South Africa.

The Zambian government, including its president, Edgar Lungu, has accused KCM of underpayment of dividends and taxes, as well as underinvestment in the mine, a crucial plank in Zambia’s copper-fuelled economy. It appointed a liquidator to run the company in May.

“We need the dividends from that mine to invest in schools, to invest in hospitals,” the Zambian information minister, Dora Siliya, said.

“We can’t keep talking like this over and over. We want a partner that we can work with so we can invest elsewhere. The time for mediation is over.”

[adejuk] 05/8/2019 13:35

if we weren't struggling with the orangebonespurmonster effect we would be at 3.6 now

[gsg] 05/8/2019 13:06

Interesting question in the Zambian parliament re loss of revenues from copper due to Mopani shutdown. The reply by mining minister Richard Musukwa as follows.


"The losses envisaged to be created will have to be mitigated because in essence Mopani's production is not being affected. Mopani will continue to produce, in fact, they already have a stockpile of production. What we have asked Mopani, as we have been discussing with them, is to ensure that they take this material to other facilities around the country in order to process on their behalf.

This is common practice. You will note Mr Speaker, that several mining houses do not have the capacity and they rely on the capacities of their sister mining companies, so we are hoping that the losses will be mitigated by this process."

[brucie5] 05/8/2019 12:52

Beginning to regret that I got out of GPM early in the year to buy in here.. . I jest. But not altogether. I think we have some catch up due shortly.

[bullster] 05/8/2019 11:35

.
.

Fine chrome for Windsor.

The second recovery circuit is expected to be brought on-line during the month of August which will further enhance the PGM extraction efficiencies. The Windsor PGM operation continues to target production at a processing rate of 60,000 tonnes per month.

.
.

[bullster] 05/8/2019 11:21

.
.

When JLP commission the copper refining circuit they will produce 100% copper "cathode" from the anode.

The "slime" residue left behind could contain gold, silver and cobalt etc, which if commercial, can also be extracted.

I don't see JLP providing a copper refining service just for the copper.

.
.

[1madmarky] 05/8/2019 11:14

Mike- think you are correct on all counts


Whats annoying in some ways is that Hernic is still bumbling along at 40,000 tpm. The flip side of that is of course the tailings life span is significantly extended.

Else nice and solid performance

[mikebolle1] 05/8/2019 11:03

I just want to check my understanding:

1. The Windsor project first extract the chrome (concentrate), then delivers the PGM rich material to Eland - am I right?
2. At the Elands refinery (recovery plant), PGM concentrate will be produced?
3. Both (1&2) are referred to as the Windsor project?
4. We have a JV with Northam to utilize their recovery plant at Eland... I thought it was an Agreement?

[bullster] 05/8/2019 10:58

.
.

Glencore will have to send their copper concentrate to another smelter, JLP will only take the copper anode for refining.

.
.

[plat hunter] 05/8/2019 10:35

Possibly GSG...

It's very accessible from Kabwe and vica versa with a major infrastructural highway and of course not too far.

Or it's also possible that we could end up with a royalty agreement for processing concentrate, similar to the Eland road deal. Again very coincidental that it's being refurbished in H2 and to come on line by the end of the year

[gsg] 05/8/2019 10:24

PH, with the Mopani smelter shut for refurb until December, maybe Sable can be subbed Glencore's feed for the short term?

[plat hunter] 05/8/2019 10:14

Still very much aligned to Glencores copper rhetoric for Zimbabwe, They release a statement on Wednesday so stick a reminder in your sky rockets for that one

"Targeting to bring the copper refining line at the Sable Zinc Kabwe Refinery into operation during H2 2019"

[deme1] 05/8/2019 10:11

"bring on the re-rating"

est. 2015

[the skipper] 05/8/2019 10:10

Buys flowing in now but expect to see plenty of late reported trades later. Just added a few myself, now bring on the re-rating.

[freedom97] 05/8/2019 10:05

It amazes me the number of pi's that never read the RNS's in full or misread them, just like today, some have sold, probably not reading the RNS properly. Just like deme, missed this:

"The Windsor chrome operation (previously referred to as the PlatCro chrome operation) has already contributed positively to chrome earnings ahead of projections as the Company continues to drive efficiencies and enhance performance."

Todays RNS shows very good continued progress, what's not to like.

[kryptonsnake] 05/8/2019 10:03

Why is the share price down?

TIMBER

LOLsss

[kryptonsnake] 05/8/2019 10:03

the rns says that Kabwe tailings project will commence asap

Plat was wrong about them not using the tailings from Kabwe straight away. Not surprising as the mug knows nothing


LOLsss