[miningmx.com] — JUBILEE Platinum announced on Wednesday it bought a 51% stake in an independent power producer, Power Alt, for R27.5m
Jubilee said Power Alt would provide it with a secure power supply to underpin the group’s operational and expansion goals for its ConRoast process.
The transaction would further offer Jubilee an offset to its power costs, which would have a direct positive effect on ConRoast’s associated operating costs.
Power Alt has the potential of expanding on its current generation capacity of 11MW to a full 29MW of power.
