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Jubilee Metals Group PLC - London-based metal processing company - South African Competition Tribunal has unconditionally approved Jubilee’s sale of chrome and platinum group metal operations in South Africa. Jubilee still requires approval from the South African Reserve Bank. Shareholders endorsed the disposal late in August. Early in June, Jubilee said it had received a ‘conditional binding offer’ from a private mining and metals trading company to acquire its South African chrome and PGM business for up to $90 million, or R 1.60 billion. Under the terms of the binding offer, Jubilee will retain all current rights to the Tjate platinum mining project. The disposal of the chrome and PGM business in South Africa allows Jubilee to focus on copper operations in Zambia. Current share price in London: 3.01 pence, down 0.5% Monday 12-month change: down 43% Current share price in Johannesburg: 70 rand cents, up 4.5% 12-month change: down 42% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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