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  • Last updated

    7:14pm on Dec 08, 2021

In October 2021, Sibanye-Stillwater acquired 19.99% shareholding in New Century Resources, a leading tailings management and rehabilitation company which currently owns the Century tailings zinc retreatment operations in Queensland, Australia. New Century is among the top 15 global zinc producers with annual zinc production of 128,000t (FY2021).

The investment in New Century further diversifies Sibanye-Stillwater geographically, 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.

Reference

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