IT’S been a mixed year for serial mining entrepreneur, Colin Bird, during which one of his listed vehicles, Xtract Resources, imploded while another in Jubilee Platinum could have reached critical mass and be about to deliver big-time to shareholders. Sitting in the background is a third of his listed companies, Galileo Resources, which is assessing the Concordia copper project some 20 kilometres north of Springbok in the Northern Cape. According to Bird, this company “... has the potential to assume ‘world class’ copper mine potential”. The implosion at Xtract cost Bird the services of charismatic CEO, Jan Nelson, formerly CEO of Pan African Resources who quit over Bird’s decision to can the Chepica gold/copper mine in Chile. Bird denies that’s the reason for the bust-up. Nelson insists it is. Either way, the end result is that Nelson has dropped out and is setting up a micro-brewery in the tiny village of Paternoster on the Cape West Coast. Jubilee started commissioning its Hernic platinum recovery plant in December and is due to deliver the first platinum concentrates in February. That’s a game-changer for the company and there’s plenty more to come, according to Bird who adds that Jubilee is already looking at the next two projects. He won’t give details at this stage citing the competitive nature of the platinum tailings recovery business.
LIFE OF COLIN
He’s a UK chartered engineer and a fellow of the Institute of Materials, Minerals and Mining while he also holds a mine manager’s certificate for coal mines in the UK and South Africa. He’s done the “hard yards” in mining starting off in the UK coal industry before moving to the Zambian Copperbelt and then the South African coal industry with Anglo Coal. He returned to the UK as operations director for Costain Mining which gave him experience in gold mining in South America.
“We will tell you as much as we can once the deals are concluded.”
- Web Address: www.jubileeplatinum.com