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Jubilee plant on schedule

By BFN News | 10:00 AM | Monday 30 January, 2017


Mine-to-metals specialist Jubilee Platinum said commissioning of its subsidiary Jubilee Processing Proprietary's chromite recovery plants at Hernic Ferrochrome Proprietary was progressing to schedule with first delivery of chromite concentrate product targeted within the next two weeks. Jubilee said that at full production the project would be the largest PGM beneficiation plant of surface chrome tailings in South Africa targeting the processing of 55 000 tons per month of chrome and PGM rich material. The company said it had followed a very stringent systematic approach to the commissioning of this large integrated project to both minimise operational interruptions to the existing Hernic operation as well as ensuring a controlled start-up to minimise the time required to reach stable operation. Chief executive Leon Coetzer said: "We are excited with the progress as we complete the testing and commissioning of our Hernic project. "The complexity of bringing such a large project into operation has been well managed through a disciplined commissioning program and the support of our contracted engineering and project management partners. "I invite our shareholders to view the latest update Project pictures and short videos capturing the progress on the commissioning activities on the Jubilee website. "The picture gallery depicts the transformation of the project area during the project construction phase and the commissioning activities. "It also captures the magnitude of the project as we transform Jubilee into a platinum and chromite producer." At 10:00am: (LON:JLP) Jubilee Platinum PLC share price was +0.05p at 4.13p Story provided by StockMarketWire.com

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