Jubilee Metals Clears Key Regulatory Hurdle as It Refocuses Growth Strategy on Zambia
Jubilee Metals Advances Zambia Copper Strategy After Merger Approval for SA Asset Sale
The South African Competition Tribunal has issued a merger clearance certificate approving the sale of Jubilee Metals Group’s South African chrome and platinum group metal (PGM) operations to One Chrome, marking a major milestone as the company accelerates its strategic shift toward Zambia.
Jubilee announced in June that it would sell its South African operations for up to $90-million, a move designed to free up capital and management capacity for the expansion of its copper projects in Zambia, which now form the company’s core growth engine.
The group will continue to hold rights to the Tjate platinum project, but all operational focus is being redirected north of the border.
The transaction is awaiting routine approval from the South African Reserve Bank, although Jubilee said it does not anticipate any obstacles. The final outstanding condition is an audit-related requirement, which is already in progress and expected to be completed by November 30.
Once the sale is finalised—targeted for completion before the end of the 2025 calendar year—Jubilee Metals will operate as a Zambia-focused copper producer, advancing a pipeline of expansion projects aimed at increasing national production capacity and contributing to Zambia’s ambitions of becoming a regional copper-processing hub.
“The completion of this disposal will allow Jubilee to dedicate its resources entirely to unlocking the full potential of its Zambian copper portfolio,” the company stated, highlighting its long-term commitment to sustainable copper development and local value creation in Zambia.
