UK-based Jubilee Metals has completed the sale of its platinum group metals (PGM) and chrome operations in South Africa to local mining company One Chrome. The divestment allows Jubilee Metals to focus on expanding its copper business in Zambia, where the company is targeting growth through exploration and development projects. Jubilee Metals will retain its stake in the Tjate platinum project in South Africa, maintaining exposure to the country’s PGM sector while streamlining its operational focus. South Africa remains one of the world’s largest producers of chrome and PGMs, with the sector contributing significantly to export revenues and employment. Divestments like this reflect a broader trend of companies refocusing portfolios toward higher-growth or strategically important projects in other parts of Africa.

Source: The North Africa Journal January 08, 2026 06:01 UTC