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Mining Weekly reported Jubilee (LON:JLP) has received a R75-million cash offer for a portion of its Tjate platinum project.
Mining Weekly reported Jubilee (LON:JLP) has received a R75-million cash offer for a portion of its Tjate platinum project.
As quoted in the market news,
The £5.95-million cash offer is for the Quartzhill farm, a portion of Tjate’s platinum project that is deeper than the section where a mining right is being sought and would thus be more expensive to mine.
Jubilee has told the JSE that it will recommend the offer – which is still subject to government approval – to shareholders.
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