https://www.engineeringnews.co.za

Jubilee starts platinum production at Hernic

29th March 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Dual-listed Jubilee Platinum's share price on the JSE surged nearly 10% and its share price on the LSE by nearly 9% on Wednesday afternoon after the company announced the start of platinum concentrate production at its Hernic operations.

The commissioning and subsequent ramp-up of the fully integrated chrome and platinum operation, which started in March, remains on schedule, with the start of the first platinum concentrate production.

“The first platinum production is a significant milestone for the company and confirms its strategy to become a significant player in the platinum industry,” Jubilee said in an update to shareholders on Wednesday.

In February, Jubilee achieved the first chromite production at Hernic, following the successful tie-in of the chromite recovery plant into the operational stream.

At full production, the project is expected to be the largest platinum group metal (PGM) beneficiation plant of surface chrome tailings in South Africa, targeting the processing of 55 000 t/m of chrome- and PGM-rich material.

The mine-to-metals specialist will provide further information on Friday when it publishes its interim results for the six months ended December 31.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

MBE Minerals SA (Pty) Ltd
MBE Minerals SA (Pty) Ltd

Your global lifecycle technology & service partner for materials & minerals processing equipment for coal, iron ore, copper, manganese & other...

VISIT SHOWROOM 
Alcohol Breathalysers
Alcohol Breathalysers

Supplier & Distributor of the Widest Range of Accurate & Easy-to-Use Alcohol Breathalysers

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.05 0.578s - 140pq - 2rq
Subscribe Now