Jubilee not impacted by Hernic business rescue

September 28, 2017

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The business rescue of ferrochrome producer Hernic Ferrochrome has not yet impacted AltX- and Aim-listed Jubilee Platinum’s platinum and chrome operations in the North West province, Jubilee CEO Leon Coetzer assured shareholders on Thursday. Following a comprehensive assessment of financial alternatives by Hernic’s directors, the operation entered voluntary business rescue on September 21 in an effort to restructure some its business activities.

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