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
Jubilee Platinum PLC JLP Operations Update
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