Jubilee Metals Group Appoints New CFO and Head of Energy Metals for Strategic Expansion
Jubilee Metals Group PLC announced on Monday that they’ve chosen Neal Reynolds as the new finance leader, starting on October 1. They’ve also selected Ricus Grimbreek to head up their efforts in energy-related metals.
The company, which is based in London and deals with metal processing, mentioned that Pedja Kovacevic, who is currently the temporary finance leader, will continue to handle the company’s strategic planning even after Reynolds joins.
Grimbreek will be in charge of Jubilee Metals’ push into energy metals, with a special focus on their plan for Zambian copper.
Jubilee Metals stated that Reynolds has over 14 years of experience in mining and metal operations, mostly centered around Africa. He most recently worked as a chief operational officer at Chemaf Resources Ltd., a company focused on copper and cobalt production in the Democratic Republic of the Congo. In 2019, he became the finance leader for Mopani Copper Mines PLC and later took on the role of finance leader at Glencore Copper Africa, which is part of Glencore PLC.
Jubilee Metals also mentioned that Grimbreek, their incoming leader for energy metals, has more than 30 years of experience in the mining industry and has held various high-level management and technical positions with global mining companies.
Leon Coetzer, the CEO, expressed his satisfaction with Reynolds joining and anticipated working closely with him to continue expanding in Zambia and exploring new opportunities in South Africa.
Coetzer also welcomed Grimbreek to the team, believing that his extensive experience will greatly contribute to the company’s growth plans, particularly in Zambia.
Coetzer added, “I’m also excited to announce our new leadership structure within the company, which I believe will give us the ability to support our ambitious growth strategy in South Africa and Zambia.”
In terms of stock performance, Jubilee Metals’ shares went up 4.8% to 7.17 pence each in London on Monday morning, and in Johannesburg, they rose by 4.2% to ZAR1.74 each.
