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Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations.
Norilsk Nickel had bought a 51% stake in Stillwater in 2003, but in November 2010 Norilsk Nickel announced plans to sell this stake. [2] The South African mining company Sibanye Gold Limited proposed in December 2016 to acquire Stillwater for $2.2 billion ($18/share, a 61-percent premium over its average share price during the previous 52 weeks).
The company traces its roots back to 1887, when Cecil Rhodes founded Gold Fields of South Africa Limited. As of 2019, Gold Fields was the world's eighth-largest producer of gold. [4] The company owns and operates mines in Australia, Chile, Ghana, Peru and South Africa, with one 50:50 JV project in Canada.
The price of the precious metal was about $2,300 an ounce two years ago and has dipped below $1,000 an ounce over the past three months, Sibanye-Stillwater Executive Vice President Kevin Robertson ...
Effectively agreeing with outside activist shareholders that platinum metals group miner Stillwater Mining needed a good housecleaning, investors elected to the board of directors four of the ...
The Johannesburg-based precious metals miner said its systems had now been largely restored after the cyberattack reported on July 11. "Although the cyber-attack has had limited impact on our core ...
In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited ("GFIMSA"), which was then renamed Sibanye Gold Limited ("Sibanye Gold"), [later Sibanye-Stillwater], and consisted of the KDC (formerly Kloof) and Beatrix mines, as well as an array of support service entities in South Africa. [3]
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