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Jubilee Platinum PLC JLP Operations Update

  Jubilee Platinum PLC (JLP) - Operations Update

RNS Number : 8465O
Jubilee Platinum PLC
17 October 2012




AIM: JLP

JSE: JBL

Registration number: 4459850

ISIN GB0031852162

                                                               17 October 2012

                             Jubilee Platinum PLC

                         ("Jubilee" or the "Company")

                              Operations Update

Jubilee, the  AIM  and JSE  quoted  mine-to-metal specialist,  is  pleased  to 
announce that further to the release dated 27 September 2012, Power Alt  (Pty) 
Ltd ("Power Alt") has now received approval from the National Energy Regulator
of South Africa (NERSA) for the sale of electricity to South Africa's national
power generating company  to commence.  Sales of electricity  are expected  to 
commence on 26 October 2012.

Jubilee currently has a 51% interest in power generating company Power Alt and
as previously announced has entered into a process of acquiring an  additional 
19% interest in Power Alt.

Leon Coetzer,  CEO  of  Jubilee  Platinum, commented:  "Our  exposure  to  the 
profitable sale of surplus power by Power Alt increases the Company's earnings
potential and profitability. We are focused on growing cash flows and this  is 
another important step, helping to underpin our growth potential."

Contacts

Jubilee Platinum plc

Colin Bird/Leon Coetzer

Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913

Andrew Sarosi

Tel +44 (0) 1752 221937

finnCap Ltd

Matthew Robinson/Ben Thompson- corporate finance

Joanna Weaving - corporate broking

Tel +44 (0) 20 7220 0500

Shore Capital Stockbrokers Limited (Joint Broker)

Jerry Keen/Edward Mansfield

Tel: +44 (0) 20 7 408 4090

Sasfin Capital

Leonard Eiser/Sharon Owens

Tel +27 (0) 11 809 7500

Bishopsgate Communications Ltd

Nick Rome/Anna Michniewicz/Ivana Petkova

Tel +44 (0) 20 7562 3350

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCKMMMGNVRGZZM -0- Oct/17/2012 06:00 GMT
 
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