Jubilee continues to expand its operational footprint and project portfolio
The Company announces that it has undertaken a restructuring of its Executive Team in-line with its expanding production profile, and in particular ahead of its next phase of growth in Zambia via its Northern Refining Strategy.
As Jubilee continues to rapidly evolve and expand its operational footprint and project portfolio, it is also required to continuously review and where necessary expand its leadership within its Executive Team. This review will inevitably lead to changes in certain leadership roles as the Company upskills to meet the demands of a growing enterprise.
In this regard the Company has expanded its commercial and financial management teams in South
Africa and Zambia to both further strengthen its corporate governance as well as dedicate commercial teams to Zambia in support of its project execution team. During this restructure Mr Pedja Kovacevic, currently, Chief Strategy Officer (“CSO”) will also be assuming the role of Group Chief Financial Officer (“CFO”) with immediate effect. Pedja is a highly experienced CFO with vast experience in the corporate funding and international debt markets. The Company thanks the outgoing CFO, Peet van Coller, and wishes him well in his future endeavours.
Leon Coetzer, CEO commented: “I am very pleased to provide an update on our copper and cobalt
operations in Zambia in what has been a truly remarkable year for Jubilee.
“We have brought the entire Southern Copper Strategy into nameplate production and next quarter will see a new source of revenue for Jubilee in the form of first sales for our cobalt production.
“In Sable, we have now successfully implemented a new way of producing copper in Zambia, which bypasses the need to smelt the material, which is expensive and energy intensive. This new extraction approach allows for multiple ores to be produced at once, similar to what we have achieved at our Inyoni PGM plant in South Africa. This is a game changer for Jubilee and opens new opportunities beyond our existing operations in Zambia.
“As we conclude 2022, we now focus our attention on unlocking the potential of our Northern Refining Strategy in Zambia.”
