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Jubilee Metals CEO talks near-term earnings from significant new copper deal in Zambia

Jubilee Metals Group PLC's (LON:JLP) chief executive Leon Coetzer speaks to Proactive London's Andrew Scott after announcing a new joint venture deal in Zambia to process up to 4mln tonnes of copper tailings. He says the plan is to start with an initial 2mln tonnes of leftover material containing more than 2% copper via a processing facility that will cost US$15mln, with first production expected in the next four months.

Quick facts: Jubilee Metals Group

Price: 5.3 GBX

AIM:JLP
Market: AIM
Market Cap: £111.96 m
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Jubilee Metals CEO welcomes 54% growth in first half operational earnings

Jubilee Metals Group PLC's (LON:JLP) Leon Coetzer caught up with Proactive London's Andrew Scott after reporting its sixth consecutive six-monthly period of double digit growth - posting a 54% increase in first-half earnings to £12.8mln. The company was also able to boost revenue by 18% to...

on 13/7/20

2 min read