The company says the acquisition reduces the time to build the refinery by some 18 months, delivering the first metal within a year.
Diversified metals recovery company Jubilee Metals said on Friday it had secured funding to acquire the Sable Zinc refinery in Kabwe, Zambia for GBP 9.16 million or US$12 million in stage payments.
“In making this agreement, the board is also pleased to announce that they have secured a combination of debt and equity financing to fully complete the transaction and deliver the company’s Kabwe project,” Jubilee said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Palladium hits record $1,600/oz on threat by RussiaRussia said last week that a proposed ban on exports of precious metals scrap and tailings would last from May 1 to October 31
Read more »
Zambia bans energy drink with male sex booster ViagraThe prohibition followed a complaint from Zambia's medicine regulator in December suggesting that the energy drink had been spiked with Viagra.
Read more »
Zambia bans energy drink 'spiked' with Viagra | IOL NewsZambia banned an energy drink on Wednesday after it was shown to have been adulterated with the male sex booster Viagra.
Read more »
Zambia bans energy drink with male sex booster ViagraThe prohibition followed a complaint from Zambia's medicine regulator in December suggesting that the energy drink had been spiked with Viagra.
Read more »
Zambia bans energy drink with male sex boosterZambia banned an energy drink on Wednesday after it was shown to have been adulterated with the male sex booster Viagra, according to authorities in Ndola, the city of manufacture.
Read more »
Zambia bans ‘Viagra’ energy drinkIn December last year, the medicine regulatory authority said that the drink was adulterated with Sildenafil Citrate - a drug used to treat erectile dysfunction.
Read more »
Zambia bans 'Viagra' energy drinkSX Energy Natural Power drink, produced by Revin Zambia, is exported around the region including to Uganda, where a consumer recently complained of a prolonged erection and profuse sweating.
Read more »