South African platinum miner Jubilee sells ferroalloys smelter

May 30, 2013 | 12:25 PM | Bianca Markram

Tags  Jubilee Platinum, Middelburg, South Africa, Power Alt, Global Renewal Energy, Leon Coetzer, Dilokong Chrome Mine, platinum ferroalloys

JOHANNESBURG — South African platinum miner Jubilee Platinum Plc is divesting the ferroalloys assets at its operations in Middelburg, South Africa, in order to focus on its platinum "mine-to-metals strategy," the company has announced.

The Johannesburg-based company has sold its stake in power plant Power Alt Pty. Ltd. and subsidiary Jubilee Smelting and Refining Pty. Ltd., a toll smelting operation for ferroalloys, to Isle of Man-based Global Renewal Energy Ltd. (GRE) for $14 million. ....

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