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Jubilee Metals licence reinstated

New minister of Mines and Minerals has reinstated Jubilee Metals Group’s mining licence for the Kabwe project.

In a previous announcement project operator, BMR Group reported that they received a letter from the Mining Cadastre Department of Zambia.

Government had terminated the mining right of the Kabwe operation in February and the reinstatement of the mining licences paves the way for Jubilee, in partnership with BMR Group, the project operator to commence with the joint execution of the project.

“We welcome this decision by the Minister of Mines and Mineral Development of Zambia which recognises the work already performed on the project and the advanced state of the project’s execution readiness.

“The execution of the project which includes a lead, zinc and vanadium recovery circuit will be placed on an accelerated program,” said Leon Coetzer Chief Executive Officer at Jubilee Metals Group.

“Our project team continued working unabatedly on the execution of the Kabwe project and we are confident that the timelines specified under the reinstatement conditions of the licence can be met.”

Kabwe project mining licence 7081-HQ-SML was reinstated with immediate effect, subject to conditions specified by the Minister of Mines and Mineral Development.

The conditions were set to ensure the execution of the project is advanced without delay.

Conditions include that plant construction begin within three months of the reinstatement of the licence with commissioning commencing by September 30, 2018, and the first production due by December 30, 2018.

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