Jubilee Metals Share Discussion Threads

[robers98] 10/11/2019 13:54

Christopher Molefe
Non-Executive Director
BCom (UNIN) Post Graduate Diploma (University of Cape Town, South Africa)

Mr Molefe was formerly the Chief Executive of Royal Bafokeng Resources Pty Ltd and is presently the Non-executive Chairman of Merafe Resources Ltd and a Non-executive Director of Capital Oil Pty Ltd.

[robers98] 10/11/2019 13:42

Through our 79.5% stake in the Glencore-Merafe Chrome Venture, we have interests in the following mines and smelters:

Mines
Helena, Magareng and Thorncliffe chrome mines, situated on the Eastern Limb of the Bushveld Igneous Complex
Waterval and Kroondal chrome mines situated near Rustenburg on the Western Llimb of the Bushveld Igneous Complex
Rietvly silica mine, an open-cast operation, situated near Rustenburg

Smelters
We have a number of ferrochrome smelters with varying technology:

Boshoek, Wonderkop and Rustenburg smelter complexes near Rustenburg, that use Outokumpu technology
Lion and Lydenburg smelter complexes near Steelpoort and Lydenburg respectively, that use Premus technology

[gsg] 10/11/2019 12:59

Old report, however it confirms that Glencore and Samancore are the two dominant forces in the SA chrome industry.



"It now looks as though these plants could come back into operation as a result of a series of takeovers that would consolidate the South African charge chrome sector into two large groups, one led by Samancor, the other by Glencore.

The rationale for these moves would be to integrate the currently inactive smelters into Samancor and Glencore's respective chrome ore supply chains."

[robers98] 10/11/2019 10:00

1MM agree it is a good interview, but if there is anyone new to jubilee it is also worthwhile a review of some of the others.
Always a little snippet in something that gives a clue as to what is going on in front of our very eyes.
There are certain players in the market that jlp have been providing a level of technical support. I.e Northam. As deals start to come to the table all will be revealed. Imo

[1madmarky] 10/11/2019 09:48

Crux interview- far more worth the time than any of the others. Actually stand a chance of getting the message out there.

[nelson01] 10/11/2019 07:51

If just 10% of those viewers buy next week we should see a nice uptick in share price.

[plat hunter] 10/11/2019 07:38

Bye bye... Pro-active, directors talk and greasy ball bag Zak Muir with you combined 150 views

[lostabillion] 10/11/2019 07:32

Deme1

3.7k views now!

Edit: you beat me to it PH haha

[plat hunter] 10/11/2019 07:31

3,700 views now.

[lostabillion] 10/11/2019 07:06

For anyone that hasn’t listened to Friday’s Crux interview here is the link.

Make a cup of tea and allow a shade over an hour to listen to it. It’s a 32 minute interview but you’ll want to watch/listen to it twice and then you’ll be wanting to contact your broker tomorrow morning, trust me!

The interview is now on Jubilee’s website too.

[lostabillion] 10/11/2019 06:58

Going back to Leon’s Crux interview on Friday where he mentioned Jubilee had travelled the length and breadth (or words to that effect) of China.

It is only a matter of time before hostile bids start to come in for JLP.

The Chinese are not stupid and will want to snap Jubilee up before anyone else starts sniffing around.

To say 2020 is going to be a good year for JLP shareholders is a mild understatement.

[lostabillion] 10/11/2019 06:41

Here’s the full text.

Talking toxic tailings reprocessing in Zambia

Jubilee Metals Group recently took control of the Kabwe zinc, lead and vanadium project in Zambia, and is now preparing to reprocess the large historic tailings in the town. Patrick Kingsland caught up with Jubilee’s business development manager, Gareth Owen, to find out more about the task at hand.
tailings Zambia
The legacy mining companies have left in Kabwe remains deeply toxic, with residents still suffering the consequences of a century of negligence. Image courtesy of Jubilee Metals Group.
Part of Central Africa’s copperbelt, the city of Kabwe in Zambia has been described by some as “the world’s most toxic town”. For almost a century it was home to a poorly regulated lead mining and smelting industry before the main state-controlled mine closed in 1994, leaving behind millions of tons of tailings and pollution that has since contaminated an entire generation of Zambians.

According to one recent study in the peer-reviewed scientific journal Chemosphere, the levels of lead in the blood of 246 tested children from Kabwe all exceeded the five micrograms per decilitre safety limit. In the majority of cases, levels were above 45 micrograms per decilitre – at which there is a risk of brain, liver and hearing damage – and in some cases levels over 150 micrograms per decilitre – at which there is a risk of death.

“Having been to probably 20 toxic hotspots throughout the world, and seeing mercury, chromium and many contaminated lead sites, [I can say] the scale in Kabwe is unprecedented,”; said Professor Jack Caravanos, an environmental health expert at New York University, in a recent interview with the Guardian. “There are thousands of people affected here, not hundreds as in other places.”

Toxic tailings cause environmental hazard

For Gareth Owen, business development manager at Jubilee Metals Group, which is about to begin construction in Kabwe to reprocess the area’s historical tailings, it is a legacy that mining companies like his must also try to understand.


“The environmental hazard caused by these tailings in Kabwe is a big issue,” says Owen. “Going back to the era in which those tailings were first deposited, it was not done in the most environmentally friendly manner. They were scattered in a large area around Kabwe and not built to contain what was inside those tailings.”

According to Owen, Jubilee, which is headquartered in London, has made active plans to “dramatically reduce” the environmental hazards caused by the toxic tailings in Kabwe.

“Jubilee sees itself in two spheres: the first being commodity recovery for mining waste material, and the second being environmentally friendly and helping clear up these historic environmental liabilities,” says Owen.

“Once Jubilee has processed the tailings in Kabwe, the residual tailings will be constructed and deposited into a tailing storage facility, which is up to current day standards in terms of containing contamination and upholding environmental health standards.”

Building a wider industry from waste material recovery

The original owner of the Kabwe project was Berkeley Mineral Resources (BMR), but Jubilee has since gained full control of the zinc, lead and vanadium project, increasing its interest to 87.5%.

According to Owen, processing the tailings at Kabwe is only the start for Jubilee, which is looking to build an entire industry in the country out of recovering historic surface mine waste material.

“What makes the Kabwe project interesting from our perspective is that Jubilee is really looking to build an industry out of recovering this mine waste material,” says Owen. “And when I said build an industry I mean international, multi-commodity, mine waste material recovery.

“The Kabwe project marks Jubilee’s entry into Zambia but we have further plans. We are looking at a few copper-cobalt projects in Kitwe (the second largest city in terms of size and population in Zambia), which has been slightly behind economically recently.”

Local labour to help improve industry’s reputation

As it expands its interests in Zambia, Owen says Jubilee will also be looking to employ as much local labour as possible. That will be a welcome promise in Kabwe, which is located in Zambia’s Central Province, where 10% of the population is unemployed, according to the country’s 2014 Labour Force Survey.

“In terms of job creation, part of our mandate as directed by the government in Zambia is that we need to employ local people,” says Owen. “Local employment and local participation is a big part of Jubilee’s agenda here.”

But even with locals employed in its facilities, the job of improving the mining industry’s reputation will not be easy. The legacy mining companies have left in Kabwe remains deeply toxic, with residents still suffering the consequences of a century of negligence.

“It is shocking to think that we are here in 2017 and that a problem we have known about for decades is still here,” said Caravanos, in the Guardian article last year.

“We have the knowledge – we just have to get the kids away from the exposure,” he added on a note of optimism. “Will Kabwe ever be a lead-free town? No, but it can be a lead safe town.”

[robers98] 10/11/2019 00:17

From Feb but worth a read for anyone new to jubilee.


Jubilee Metals Group recently took control of the Kabwe zinc, lead and vanadium project in Zambia, and is now preparing to reprocess the large historic tailings in the town. Patrick Kingsland caught up with Jubilee’s business development manager, Gareth Owen, to find out more about the task at hand.

[gsg] 09/11/2019 21:52

I think most of Northam's chrome production in their last years figures comes from its other mines, however with Eland's contribution, Northam are targeting 1m tpa of chrome production by 2024.

Glencore's chrome production I took from this year's presentation.

[plat hunter] 09/11/2019 21:45

It is dated 2017 so it was prior to the Glencore selling Eland to Northam.

[gsg] 09/11/2019 21:22

Thanks PH.

There is no Northam on your link, however I think it basically confirms the top three SA chrome producers I mentioned, however I will check out the other names on the graphic.

I have a feeling the Jubilee fine chrome process might become a new industry standard, with JLP at the centre.

[plat hunter] 09/11/2019 20:55

Check this out JLP could realistically end up being SA's biggest chrome producer...HernicSamancorASAHttps://www.metals-hub.com/en/blog/ferrochrome-producers-world/

[robers98] 09/11/2019 20:17

Interesting

Glencore's investment into Group Eleven 'a mark of confidence in the future of zinc'

//www.proactiveinvestors.co.uk/companies/news/906637/glencore-s-investment-into-group-eleven--a-mark-of-confidence-in-the-future-of-zinc--906637.html

[gsg] 09/11/2019 19:44

Can anyone help with who the largest ferrochrome producers in SA are?

The best I can find is the following, however I may have missed someone.

1/ Glencore with production of 1.580m t pa.
2/ Samancor with production of 1.2m t pa
3/ Northam with production of 764,528 t pa

[1madmarky] 09/11/2019 18:04

Pretty sure east plats had 13mt of tailings at surface and JLP approached them but did not win the contract. They are just down the road from Windsor.

[gsg] 09/11/2019 15:14

Interesting!!

[aceshi] 09/11/2019 13:39

Platt 16109None more so, than birth control. Failing that, I'm sure the ANC, or any number of the continents ruling hierarchy, will have plenty of self managed, philanthropic schemes, for any loose change you may be keen to "give back"

[robers98] 09/11/2019 13:13

Nelson agree by now with our environmental position you would have thought a national paper would have had an article.

[nelson01] 09/11/2019 12:54

What we could do with is something in the Sunday press.