Jubilee Metals acquires Sable zinc refinery in Kabwe, Zambia

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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.

 

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