In October 2021, Sibanye-Stillwater acquired a 19.99% shareholding in New Century Resources, a leading tailings management and rehabilitation company which currently owns and operates the New Century zinc tailings retreatment operation in Queensland, Australia, the largest tailings retreatment operation in the country. New Century is among the top 15 global zinc producers with annual zinc production of 128,000t (FY2021).
Our investment in New Century signifies further geographic diversification for Sibanye-Stillwater, providing a foothold in Australia, a high-quality international mining jurisdiction.
This acquisition will potentially enable the sharing of technological best practice and synergy realisation across Sibanye-Stillwater’s various investment platforms, further advancing the company as a global, ESG-focused industry leader in tailings reprocessing. New Century’s investment in the Mt Lyell copper mine in Tasmania will also provide an opportunity for sustainable green copper production, large-scale tailings reprocessing and rehabilitation. This investment further increases Sibanye-Stillwater’s exposure to green metals.
At 31 December 2021, New Century contained an attributable Mineral Resource of 1,106.3Mlb of zinc (at 3.5%) and an attributable Mineral Reserve of 710.9Mlb of zinc (at 3.1%).