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Jubilee Platinum completes smelter upgrade

By BFN News | 09:34 AM | Tuesday 01 July, 2014


Jubilee Platinum, the AIM-quoted mine-to-metals specialist, has reported significant advances over the past quarter, the most significant of which is the conclusion of the successful smelter upgrade and renewal programme that delivered a profitable operation within a month of commissioning. Leon Coetzer, CEO of Jubilee, said: "The Middelburg operation is further uniquely buffered against smelter interruptions as we are able to seamlessly increase our electricity sales to the National Energy Grid of South Africa during periods of lower power utilisation by the Smelter. "This commercial strategy not only plays a significant part in offsetting escalating energy costs but also stabilises revenues during potential future smelter interruptions." At 9:34am: (LON:JLP) Jubilee Platinum PLC share price was +0.01p at 1.53p Story provided by StockMarketWire.com

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