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Jubilee ramps up Africa expansion plans

UK-headquartered Jubilee Metals' plans to focus on expanding its tailings treatment and metals processing business in South Africa and Zambia will no doubt have received a boost this week from the company's successful equity fund raising and the release of a favourable set of financial year 2019 results.

Jubilee ramps up Africa expansion plans Jubilee ramps up Africa expansion plans Jubilee ramps up Africa expansion plans Jubilee ramps up Africa expansion plans Jubilee ramps up Africa expansion plans

Management at Jubilee has said it will use the proceeds of its equity placement to fund the roll-out at Kabew in Zambia (pictured) and develop its other projects

The Africa-focused metals company made a profit of £7 million in the year to 30 June, up from a loss of £2 million the previous year. 

It also raised £6.

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