Jubilee Metals Group has moved a step closer to fully realigning its business around Zambia’s copper sector after the South African Competition Tribunal granted merger approval for the sale of the company’s chrome and PGM operations to One Chrome. The decision marks a critical regulatory milestone in Jubilee’s transition strategy.
The company first announced its intention in June to divest its South African assets for up to $90 million. The sale is designed to unlock capital and streamline management attention toward Zambia, where Jubilee is rapidly building its primary growth platform through a series of copper expansion projects.
While Jubilee will retain ownership of the Tjate platinum project, it has made clear that all operational priorities are now centered on Zambia’s fast-growing copper value chain.
Beyond the Competition Tribunal’s clearance, the transaction is still subject to routine approval from the South African Reserve Bank, though Jubilee does not anticipate any hurdles. An additional audit requirement—already under way—is expected to be finalized by November 30.
If completed before the end of 2025, as targeted, the disposal will reshape Jubilee Metals into a copper-focused producer with operations concentrated entirely in Zambia. The company aims to scale up its processing capacity and strengthen its role in supporting Zambia’s broader vision of becoming a regional hub for copper beneficiation.
“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 said, reinforcing its long-term commitment to sustainable growth and local value creation.
