Business
Hernic Update
Hernic Update.
About this update from Jubilee Metals Group Plc
[{"type":"text","content":"\n \nRNS Number : 0280S Jubilee Platinum PLC 28 September 2017 \n\nJubilee Platinum PLC\nRegistration number (4459850)\nAltX share code: JBL\nAIM share code: JLP\nISIN: GB0031852162\n \nJubilee Platinum Plc\n(\"Jubilee\" or \"the Company\")\nHernic Update\nJubilee wishes to assure shareholders that the notification of Hernic Ferrochrome Proprietary Limited (\"Hernic\") voluntary business rescue to facilitate the restructuring of some its business activities (''Business Process\") has no current effect on Jubilee's operations at Hernic.\nLeon Coetzer, Chief Executive Officer, says: \n\"Jubilee is very accustomed to operating within this Business Process. We have already engaged with Hernic to offer our services wherever appropriate within this process.\nNormal operations at Hernic are expected to continue for the foreseeable future with stable chrome market conditions persisting. Our platinum and chrome operation is processing both current arisings stemming from Hernic's mining operations as well as platinum containing material from the vast surface stocks.\nAs far as the Company is concerned it is business as normal. We continue to be buoyant by our overall results and progress at our Hernic platinum and chrome operations and have over the past week achieved production levels in excess of 1 900 tonnes of feed material per day moving towards a robust operation. \"\n \n28 September 2017\nContacts\nJubilee Platinum plc\nColin Bird/Leon Coetzer\nTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913\nAndrew Sarosi\nTel +44 (0)1752 221937\nJSE Sponsor\nSasfin Capital, a division of Sasfin Bank Limited\nSharon Owens\nTel +27 (0)11 809 7500\nNominated Adviser\nSPARK Advisory Partners Limited\nSean Wyndham-Quin/Mark Brady\nTel: +44 (0)203 368 3555\nBroker\nBeaufort Securities Limited\nJon Belliss\nTel: +44 (0) 20 7382 8300\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCSEDFWWFWSEIU\n ","length":2787,"tagName":"div"}]