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Jubilee Metals Group PLC said it has secured rights to an initial 200,000 tonnes of high-grade copper material, with an expected copper content of about 1.6% copper. This feed material is available immediately for processing at its Roan copper concentrator plant in Zambia, the London-based metal processing company said. It holds the option to increase the initial 200,000 allocation of copper material, with the potential to secure a long-term feed supply. To accelerate production after facing electricity constraints, Jubilee said it is prioritising the processing of new high-grade material after re-starting operations at Roan following power outages in Zambia. Last month, Jubilee secured a new power supply agreement after blackouts hobbled its production in December and January. It also said it is reviewing the option to trade a portion of the vast quantity of surplus lower-grade stock which it holds and which does not form part of its short to medium-term production plans. ‘We have secured a stable power supply which has allowed us to bring Roan back into operation and have secured higher grade material which provides an immediate opportunity to recoup part of the lost production and enhance cash flows within a short period of time,’ Chief Executive Officer Leon Coetzer said. Shares in Jubilee were down 2.4% at 4.01 pence on Thursday afternoon. They stayed flat at 93 rand cents in Johannesburg. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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