Jubilee, the Zambian copper producer, received two binding offers for its Large Waste Project at a substantial premium to its $18m acquisition cost. The sale price was not disclosed, with Jubilee expecting to select a preferred buyer within two weeks. Total proceeds are expected to be near $100m. Jubilee plans to redirect capital towards its existing Zambian copper operations, particularly Molefe Mine. The strategy reduces project risk while accelerating investment into higher return opportunities.
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