UK based mining firm, Jubilee, has secured regulatory approval for its new power supply agreement in Zambia, ensuring a stable energy supply for its Roan copper concentrator and Sable Refinery.
The approval marks a critical step in the company’s efforts to enhance operational capacity and reduce past power supply challenges.
The company’s spokesperson, Leon Coetzer, stated in a statement that power delivery under the new agreement commenced on January 20, 2025.
Coetzer explained that the additional supply would enable the company to restart the Roan concentrator and achieve optimal production targets.
“This development successfully addresses the power supply limitations that have historically impacted Roan’s operations,” Coetzer said.
More details on the agreement
Jubilee signed a three year renewable power purchase agreement with Lunsemfwa Power Company in August 2024. The new arrangement secures access to a diversified energy network sourced from multiple power generation facilities, reducing dependence on a single supplier and minimizing risks related to localized power distribution issues.
The company noted that the power supply is being delivered at a cost comparable to its existing energy agreements, ensuring both economic and operational stability. With the additional power now fully operational, Jubilee confirmed that the Roan concentrator and Sable Refinery can meet their full energy demands if required.
Industry context and strategic implications
Zambia, Africa’s second largest copper producer, has faced recurring power supply challenges that have hindered mining operations in recent years. The country’s energy infrastructure, largely reliant on hydropower, has been susceptible to seasonal fluctuations and distribution inefficiencies.
Analysts believe that securing a diversified power source is crucial for sustained mining production and economic growth.
Jubilee’s strategic move aligns with broader efforts within the industry to enhance energy security and operational efficiency.
The mining sector remains a key driver of Zambia’s economy, contributing approximately 70% of export earnings.
Meanwhile, Jubilee is actively preparing for the full scale restart of the Roan concentrator, with copper production rates expected to ramp up to target levels in the coming months. The company remains optimistic about the long term benefits of the new power agreement, positioning itself for increased production output and revenue growth.
“The additional power solution provides us with the confidence to drive our operations forward without concerns over energy disruptions,” Coetzer added.
