FTSE 100 closes a shade lower as US GDP figures send ripples
On Wall Street, benchmarks were mixed, with the Dow Jones losing around 15 points but the broader based S&P 500 adding nearly a point
FTSE 100 closes down by a whisker
US markets mixed
5.05pm: FTSE finishes in red
FTSE 100 index closed a tad lower on Thursday as first quarter GDP figures from across the pond sent negative ripples through markets.
The UK s top share index finished down around two points, or 0.03%, at 6,961.
On Wall Street, benchmarks were mixed, with the Dow Jones losing around 15 points but the broader based S&P 500 adding nearly a point.
Zambian Operations Update
Sable Refinery
Jubilee, the AIM and Altx traded metals processing company is pleased to announce an update on progress at its copper operations in
Zambia, specifically the first copper concentrate for refining at Jubilee s
Sable Refinery from Project Roan which has been delivered on schedule.
Sable Refinery
· Project Roan completes Phase 1 of 3 Phases to allow early production of intermediate copper concentrate while construction of Phases 2 and 3 remain on target
·
Sable Refinery is fully operational and ready to refine product received from Project Roan - targeting an additional 240 tonnes of copper units and stepping up to 400 tonnes of copper units per month at completion of Phase 2
Jubilee Metals completes first phase of Project Roan on schedule
CEO Leon Coetzer said the completion of phase 1 is the first major step in our commitment to achieve our targeted production of 25,000 tonnes per annum of copper within the next four years
Jubilee Metals Group PLC (LON:JLP) said the first copper concentrate for refining at Jubilee s Sable Refinery from Project Roan has been delivered on schedule.
Project Roan is one of three locations where Jubilee plans to process copper and cobalt tailings; the others are Project Elephant 1 and Project Elephant 2.
With the first phase of a three-phase development programme completed at Project Roan, the second phase should see an increase in the amount and quality of intermediate copper concentrate delivered to the Sable Refinery for processing in the third quarter of this year.
Tullow Oil in demand after refinancing plans
A look at the major movers on the London market on Thursday oil
Tullow Oil PLC (LON:TLW) is one of the day s risers after it unveiled a refinancing.
The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility.
The proceeds with be used to push out the timeframe for its debt obligations, including redeeming $650mln worth of senior notes due in 2022 and repaying $300mln of convertible bonds due this July.