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
Facebook
Twitter

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

Related Articles

DEALS

Clean Power. Multiplied.

Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion

DEALS

Strengthening sustainable mining success

Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility.

DEALS

At the forefront of scaling energy progress

Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the R3.4 billion financing of Mulilo Energy Holdings’ 219MW Orkney solar PV project.