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Jubilee Metals to Sell South African Chrome, Focus on Copper Growth

Metals and Mining

Business Honor - Jubilee Metals Shifts to Copper

Business Honor
14 August, 2025

Jubilee Metals divests chrome assets to focus on copper expansion and long-term growth potential.

Jubilee Metals Group, a leading one of the world's top five chrome producers, has made plans to dispose of its chrome and platinum group metals (PGM) production in South Africa for as much as $90 million (R15.8 billion). The deal will enable the company to concentrate exclusively on its expanding copper business in Zambia. The purchaser is One Chrome, a discreet mining company that is already working alongside Jubilee on multiple projects. There will be a shareholder meeting on August 28, where the sale will be put to a vote.

Jubilee currently controls significant assets like the Windsor chrome plant and the Inyoni and OBB PGM processing plants. It also controls three Thutse chrome processing plants in a joint venture with One Chrome, having a joint capacity of 130,000 tons of chrome ore monthly. The firm stated its chrome and PGM division had hit a crossroads. Increased costs and restricted access to ore rendered the business less appealing. Jubilee is of the view that copper has greater long-term prospects and returns.

In Zambia, Jubilee has been improving in copper output despite previous infrastructure and power concerns. Its Roan concentrator is now operating steadily, with two new copper mining ventures Munkoyo and Project G in progress. Copper demand will rise sharply as it will be utilized in electric vehicles, electronics, and data infrastructure. According to Jubilee, Zambia provides a more growth-oriented and stable environment than South Africa, where economic growth has been slow and there are power shortages. Proceeds from the sale will go towards funding Jubilee's expansion in copper and potentially facilitate future shareholder return through share buybacks or dividends. With favorable copper market trends and backing from significant shareholders, Jubilee hopes to emerge as a dominant force in Africa's copper sector.