Jubilee Science and Technology: decided to terminate the Congo Gold project to produce crude cobalt hydroxide with an annual output of 3000 metal tons.

FIFA, May 16 / PRNewswire-FirstCall-Asianet /-- Jubilee Science and Technology announced that it has decided to terminate the Congo Gold smelting project with an annual output of 3000 tons of crude cobalt hydroxide. Subsidiary Jubilee Congo Cobalt intends to sign an Asset transfer Agreement with Tengyuan Cobalt Copper to transfer the idle fixed assets and related uninstalled equipment of Jubilee Congo Cobalt in the Democratic Republic of the Congo for US $700000.