Jubilee Metals Group plc (LON:JLP), a diversified metals producer with operations in South Africa and Zambia, has announced the appointment of Dr Reuel Khoza as Chairperson of the Remuneration Committee, succeeding the acting Chairperson, Ollie Oliveira, effective immediately. Ollie will remain as a member of the Remuneration Committee.
Jubilee Metals appoints Dr Reuel Khoza as Chairperson of the Remuneration Committee
- Written by: Amilia Stone
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Jubilee has reported progress on its Three-Pillar Copper Strategy in Zambia, targeting long-term output of 25,000 tonnes per year. The Company has received the first US$15 million tranche from the sale of its South African chrome and PGM operations, with completion expected by the end of 2025.
Jubilee Metals has issued a circular outlining plans to sell its Chrome and PGM Operations in South Africa to One Chrome (Pty) Ltd for up to US$90 million.
Jubilee has made strong progress across its Zambian copper portfolio, restarting operations at the upgraded Roan concentrator and advancing its integrated mine-to-metals strategy. The company reported 757 tonnes of copper units in H2 FY2025 and targets 5,100 tonnes for FY2026.
Jubilee Metals delivered exceptional safety and production results in South Africa, reducing its injury rate to 1.33 while boosting chrome concentrate output 19.9% to 505 578 t and annual chrome production 24.8% to 1 932 798 t. PGM output rose 14.6% to 8 973 oz in Q4 and 6% to 38 579 oz for the year, beating guidance. The company targets 1.65–1.80 Mt of chrome and 36 000–40 000 oz of PGM for FY2026.
Jubilee has appointed Shard Capital Partners LLP as joint broker alongside Zeus Capital, replacing RBC Capital Markets, and expects to publish a circular detailing the proposed disposal and General Meeting notice in the last week of July 2025
Jubilee Metals Group Plc announces a conditional offer for its chrome and PGM operations in South Africa, focusing on growth in Zambia's copper market.