London- and Johannesburg-listed Jubilee Metals has received regulatory approval for a new power supply agreement in Zambia, with power delivery having started on January 20, enabling the company to restart its Roan concentrator and ensuring a stable power supply going forward.
Jubilee says the additional power supply agreement, executed with a new broad-based power provider, secures access to a distributed power base from multiple sources of generation, minimising the reliance on a single supply source, and mitigates risks associated with localised power network distribution limitations.
Th company notes that the power supply has been delivered at a cost comparable to the company’s existing power agreement, offering both economic and operational stability.
Jubilee says the additional power supply agreement is now fully operational and capable of meeting the complete power demands of both the Roan concentrator and the Sable processing plant, if required.
It explains that the power solution leverages a diversified network of power generation sources to ensure reliability and continuity of operations.
The company says it is actively preparing for the restart of the Roan concentrator, with copper production rates anticipated to return to targeted levels as operations ramp up.
“The Jubilee team demonstrated great resilience in overcoming the recent power challenges at its Zambian operations,” says CEO Leon Coetzer.
“The commencement of the additional power supply successfully addresses current power supply limitations that affected Roan’s ability to operate historically. We now turn our attention to preparing the plant for restart and remain focused on delivering reliable production and operational resilience,” he adds.