Jubilee Metals signs a JV for US$15m copper project to expand operations

ZAMBIA – Jubilee Metals has signed a joint venture (JV) agreement with a private Zambian company to secure the rights to process two-million tonnes of copper run-of-mine (RoM) material containing in excess of 2% copper, in line with its stated strategy to expand operations in Zambia. Under the JV agreement, there is further potential to increase the supply of copper ore to about four million tonnes. The total project capital is estimated at US$15 million, to be invested over a period of 12 months, which Jubilee plans to fund using…

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