Row rect Shape Decorative svg added to bottom Forging refined growth in copper Absa | Corporate and Investment Banking > Insights and Events > Forging refined growth in copper SHARE By enabling Jubilee Metals Group’s transition to a copper-focused business through M&A advisory, the deal redefines the company’s growth strategy that accelerates future expansion in Africa. Absa Corporate and Investment Banking acted as the M&A advisor to LSE listed Jubilee Metals Group on the disposal of its South African chrome and PGM operations to One Chrome for USD146 million. This transaction marks a pivotal step in Jubilee’s evolution, unlocking value from its South African portfolio and accelerating its strategic shift toward copper production in Africa, a commodity central to the global energy transition. As the M&A advisor, we guided a complex, multi-jurisdictional process, aligning stakeholders across the UK and South Africa to ensure a seamless structure and successful execution. By unlocking significant value from Jubilee’s legacy assets, the outcome has strengthened its balance sheet to accelerate investment into its copper platform, creating a clear, investable narrative for the market. Contact Craig Brewer https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Backing bold growth in Ghana Across Ghana’s manufacturing and consumer goods landscape, the need to scale efficiently, strengthen local production and remain competitive continues to grow. Read more DEALS Powering South Africa’s energy transition through scalable infrastructure solutions Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Read more DEALS Empowering sustainable growth, one phase at a time. We successfully supported the syndication of a USD700 million facility for the Ivanplats Phase 2 expansion – one of the country’s largest new mining projects in more than a decade. Read more
