# Jubilee Metals Group relocate chrome plant to maximise earnings

- Link: https://www.directorstalkinterviews.com/jubilee-metals-group-relocate-chrome-plant-to-maximise-earnings/412823078
- Published: 2020-05-19T13:54:20+01:00
- Author: Amilia Stone

**[Jubilee Metals Group](https://www.directorstalkinterviews.com/company/jubilee-metals-group-plc/jlp.l)
PLC** ([LON:JLP](https://www.directorstalkinterviews.com/company/jubilee-metals-group-plc/jlp.l)),
the AIM and Altx traded metals processing company, today provided an update relating
to its fine chrome operation currently situated at the Dilokong Chrome Mine in South
Africa.

Following a review to further optimise Group earnings it was concluded that the 
leading fine chrome facility could contribute more significantly to earnings if 
implemented at the Company’s much larger Inyoni or Windsor chrome operations.  Currently
all Jubilee’s processing facilities are fully operational with the exclusion of 
DCM.  DCM has further indicated that they have no immediate plans to restart mining
operations.

The potential roll-out of the fine chrome solution across Jubilee’s operations has
been impacted by current restrictions on the importing of goods and services as 
well as supply chain disruptions. With this in mind the Company has agreed terms
with DCM under which the fine chrome operation will be terminated affording the 
Company the opportunity to immediately commence with the relocation of the facility
to Jubilee’s other significantly larger operations.  The relocation process is targeted
to be completed towards the end of August 2020 and is expected to significantly 
enhance Jubilee’s chrome operational outputs. Key terms of the termination includes
DCM contributing to the disassembling cost of the fine chrome facility and the Company
committing to complete the disassembly before end of August 2020.  The Company expects
no material impact on its earnings during the relocation phase of the fine chrome
facility.

The relocation of the fine chrome facility and termination of the chrome operations
at DCM, in no way impacts on the Company’s continued rights to the PGMs contained
in the DCM tailings.

> **Leon Coetzer, Jubilee Metals Group CEO says: **“The manner in which Jubilee 
> is able to react and find solutions to the current challenges faced as a result
> of the COVID-19 pandemic is testimony to the ingenuity of the Jubilee team and
> lies at the heart of ‘the Jubilee Way’.
> “The remarkable success of our fine chrome facility has proven itself as a leading
> solution for the recovery of chrome previously regarded as unrecoverable and I
> look forward to seeing the success replicated at our other operations.
> “It is this ingenuity that has lead Jubilee to implement ground breaking solutions
> in the mining and metal industry which creates sustainable opportunities from 
> what others regard as waste.”

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