Jubilee Metals has separated subsidiary boards for its Zambian and South African operations in a bid to more accurately reflect the operations' current level of business maturity.
The metals processor's chief executive, Leon Coetzer, said they have achieved a momentous juncture in their company's trajectory wherein they can expand their South African operations as the preferred processor and expeditiously increase their copper output in support of the implementation of their secured Zambian copper projects.
“The formation of the South African and Zambian boards establishes dedicated senior executives for each of our South African and Zambian business units, that are aligned with the respective levels of maturity reached by these business units,” he said.
Jubilee said its business operations in South Africa have attained a considerable degree of maturity, characterised by a solid foundation of established, sustainable, and stable operations, as well as a distinct objective of organic growth accompanied by the control of resources.
Furthermore, the company has developed and refined its managerial frameworks in the domains of operations, finance, law, and human resources.
“The business has established new benchmarks for performance in the industry. Management is continually evaluating opportunities for organic growth, and the South African operations are capable of self-funding future growth by leveraging their balance sheets and cash flows while delivering returns to Jubilee on the investment made during the development phases of the business,” it said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
