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Proactive weekly mining news - Asiamet Resources, Premier African Minerals, Rainbow Rare Earth ...
A look at the world of Proactive's small cap mining news highlights
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LON:JLP
Jubilee Metals Group PLC is a global industry-leading metal recovery business focussed on the retreatment and recovery of metals from mine tailings, waste, slag, slurry and other secondary materials generated from mining operations. The company’s expanding multi-project portfolio across South Africa and Zambia provides exposure to a broad commodity basket including platinum group metals (PGMs), chrome and copper.
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A look at the world of Proactive's small cap mining news highlights
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A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the biggest risers and fallers in London today
Pre-approved debt funding is being injected at project level directly, by investment group RiverFort Capital Group
The FTSE 100 index finished down around 44 at 7,498, above the session low of 7,475.83, but unable to reach the opening peak of 7.542.73
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Some of the day's headlines on the Proactive Investors newswire
Jubilee's mining and processing operations performed well in the second quarter of 2017
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A glance at some of the stories on the Proactive newswire today
A look at the biggest risers and fallers in London today
The FTSE 100 dropped 8.5 to close at 7,439 on the day
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A glance at some of the mining-focused stories on the Proactive newswire this week
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A glance at some of the small cap stories on Proactive Investors today
The project is now processing 1,900 tonnes each day of chrome and platinum containing feed material
Risers and fallers: DFS, Next, ANGLE boosted by Barts research, Starcom wins container order, Sprue Aegis delivers bullish AGM
The project produced its first platinum concentrate in March but full design capacity is 45,000 tonnes
The ramp-up to full capacity is expected to be reached during June, once the hydraulic-mining processing unit has been brought on-line
The internet has brought a boon in terms of falling prices, but it also offers access to information and data that 20 years ago costs thousands of pounds a year. Investors have a battery of resources at their fingertips.
“The anticipated profits and free cash flow from the Smelting Plant will place the Company in a considerable position of strength,"
The improvement reflected the start–up of its tailings treatment plant at the Dilokong chrome mine
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A look at the week’s highlighted news for the junior miners
Main share price risers and fallers in London at 4pm: Metal Tiger, Ilika
Financing for the acquisition is through a placing at 5p to raise £3.3mln.
Investments and investor services
FTSE 100 stocks closed at a record high on Friday for a second successive session, after making a fresh intraday peak, and a good way for equity investors to end the week
Jubilee has also received the final payment of £390,000 for its now sold Middelburg smelter.
Jubilee expects to be generating cashflow within six months of completing the acquisition.
FTSE 100 stocks bagged a net loss on Thursday after supermarket chain WM Morrison fell on an uncertain outlook
Production rates at the chrome project had been temporarily hit as upgrades were made to the tailings storage facility
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A look at the week's highlighted news for the junior miners
Some of the largest rises and falls in London at 3.20pm included Wey Education, Rosslyn Data Technologies, Thor Mining
"We are pleased that the Tjate Platinum Project has received the mining right," said CEO Leon Coetzer
The plan is for Jubilee to produce both chromite and platinum
The plant will produce both chromite and platinum, with the tailings from the chromite process to provide the raw material for the platinum.
The update was provided in annual results for the business, which has also secured funding for the construction of the Hernic Tailings Project.
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A look at the week in the small cap mining sector.
Also in the news, Hurricane Energy has started drilling on its latest well in the North Sea, while Premier African hits ‘significant’ lithium grades in Zimbabwe
The notice relates to the tailings supply agreement at BHP’s Leinster nickel operations in Western Australia
Chromite concentrate output was up around 88% to 28,559 tons for the three months
Tekcapital picks up the rights to Wire Caddy, Lekoil increases its financing facility and Eurasia Mining should see first revenues this month.
Some 8% more chromite concentrate was produced in August at 10,430 tons compared to the previous month.
The strategy is now bearing real fruit, as Jubilee Platinum’s most recent update to market shows.
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Weekly round up of the mining headlines from the world of Proactive.
Here are the Proactive Investors small cap and AIM news highlights for Thursday August 18.
The enriched platinum material stock pile continues to grow at Dilokong and Jubilee is working on options to turn the stockpile to cash.
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A weekly round up of the mining news from the world of Proactive.
Epistem formally changes its name, a double dose of good news for Tissue Regenix and Sound Energy's Tendrara project 'above expectations'.
Output for the six months to end June came in at 15,188 tons, compared to 7, 480 tons for the same period in 2015.
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Onzima said it “has thus far made a number of positive returns on its investments” in the resources sector.
The mine-to-metals specialist has given an operations and financial update on its Dilokong chrome mine
“Platinum now becomes the next key focus of the project,” said Leon Coetzer, chief executive.
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Top story this week - Lucara's massive diamond breaks auction records. Even bigger one to come.
Latest minutes from the Bank's Monetary Policy Committee said Brexit may cause sterling to fall and unemployment to rise.
Sales of chromite so far have generated R4.1mln or £188,000 from 3,000 tonnes
Both Nostra Terra and Avocet intend capital reorganisation to reduce the nominal value of their shares, paving the way for fund raisings
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The round-up of all the news from mining, oil & gas from the world of Proactive.
The ASA project is currently processing feed at 60 tonnes per hour
Silver prices hit a 10-month high and gold stocks glittered
The Aim indices may be becalmed but the big movements are still to be found among the small caps
Shares in Jubilee Platinum PLC advanced as it took full operational control under its tailings deal with South African firm ASA and increased chrome processing there.
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StratMin Global Resources PLC ended the week with news of a proposed disposal.
Jubilee Platinum has debt lines and equity finance in place to take its surface platinum projects forward
Major share price risers and fallers in London at 4.15pm
The US$17.5mln package comprises up to US$15mln of senior and unsecured debt and US$2.5mln of equity finance
Jubilee Platinum (LON:JLP) shares added over 9% as it said the tailings plant at ASA Metals' Dilokong chrome mine in South Africa was commissioned and operating.
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Resources miner Regency Mines (LON:RGM) is back in the Horse Hill oil project...
The two projects are predicted to process more than 900,000 tons of platinum surface tailings annually.
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As the sound of sleigh bells can be heard and the year draws to a close we highlight some stocks to watch in 2016.
Investments and investor services
Weatherly International, Motif Bio and 88 energy also had news out on Tuesday
It is one of two surface projects that Jubilee hopes to bring on track next year.
Investments and investor services
IInvestors continued to bask in the glow from Sunrise Resources
The total consideration was £570,000 paid in shares.
IMIC, Savannah Resources and Patagonia Gold also had news out this week
Investments and investor services
COPL, DekelOil and Stratex were also in the news today
The Footsie rose 39.57 points to 6314 while mainland European shares also gained
Investments and investor services
The Footsie surged 43.78 points to 6319 and mainland European markets also rose
The Platinum Surface Projects remain robust even at current metal prices, said Jubilee.
Investments and investor services
Motive Television and Range Resources also had news out on Monday.
Jubilee Platinum (LON:JLP) has kicked off construction of a processing facility in South Africa under the ASA deal, which targets commissioning as early as January next year.
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A mixed news bag to end the week. Here is a summary....