Jubilee Metals Group (LSE:JLP) has obtained unconditional clearance from the South African Competition Tribunal for the sale of its South African chrome and PGM operations to One Chrome (Pty) Ltd. This milestone moves the transaction significantly closer to completion, with only South African Reserve Bank approval and final audit-related steps still outstanding. The deal is expected to close by the end of 2025, enabling Jubilee to sharpen its strategic focus on its Zambian copper portfolio and improve operational efficiency across the business.
Jubilee’s outlook balances strong long-term growth prospects in Zambia against financial pressures, including shrinking profit margins and rising leverage. Recent corporate developments—such as this asset-sale approval—provide strategic tailwinds, but technical signals point to a more cautious stance in the near term.
More about Jubilee Metals Group
Jubilee Metals Group is a diversified metals producer with a primary focus on copper operations in Zambia. The company also maintains interests in South Africa, including the Tjate platinum project, and has historically managed assets across copper, chrome, and platinum group metals.
Leave a Reply