sector: Basic Materials ·
industry: Precious Metals & Minerals ·
As of
24 Nov 2009
33.75GBp
Jubilee Platinum plc is engaged in exploration and exploitation of natural resources. The Company focuses on platinum group elements (PGE) and nickel/copper. The Company’s projects include Tjate Project, Bokfontein and Elandsdri Projects, Ambodilafa Ni-Cu-PGE Project, Londokomanana (Antsahabe) Project, Lavatrafo Project, Belobaka Project and Bebasy Project. Its subsidiaries include Dullstroom Plats (Pty) Ltd, Maude Mining and Exploration (Pty) Ltd, Mineral Resources of Madagascar Sarl, Windsor Platinum Investments (Pty) Ltd and NewPlats (Tjate) (Pty) Limited. On January 31, 2009, the Company disposed of its subsidiary, Itsindro Mauritius Limited. On April 29, 2009, Jubilee Platinum plc acquired the remaining 51% of Antsahabe (Mauritius) Limited. It also acquired the remaining 51% of Antsahabe (Madagascar) Sarl. In October 2009, Jubilee Platinum plc completed the acquisition of Braemore Resources Plc.
BRIEF: For the six months ended 31 December 2008, Jubilee Platinum PLC total revenue remained flat at £0K. Net loss decreased 31% to £396K. Total revenues reflect the Company still being in exploration stage. Lower net loss reflects increased finance income, higher other income and the absence of share of operating loss in associate. Jubilee Platinum is involved in the exploration and exploitation of natural resources mainly in South Africa and Madagascar.
Jubilee Platinum PLC
4th Floor, 2 Cromwell Place
London ENG SW7 2JE
P: +4420.75842155
F: +4420.75897806