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Last updated
7:14pm on Jan 24, 2020
Sibanye-Stillwater enters into a strategic acquisition agreement with Generation Mining to further its Marathon project.
News release
The combination with Lonmin positions the enlarged Sibanye-Stillwater Group as a leading mine-to-market producer of PGMs in South Africa. The realisation of significant synergies between the operations, will deliver longer term benefits for all stakeholders of both companies is expected to result in this being a value accretive transaction for Sibanye-Stillwater shareholders.
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On 10 January 2020 Sibanye-Stillwater announced that it will increase its shareholding in DRDGOLD from 38.05% to 50.1% which will be effective on 22 January 2020.
On 29 June 2018, Sibanye-Stillwater entered into an arrangement agreement with Regulus Resources Inc. and a newly formed subsidiary of Regulus, Aldebaran Resources Inc., creating a strategic partnership in order to unlock value at its Altar copper-gold project in San Juan Province, Argentina.
This transaction offered a unique and transformative opportunity to acquire world class, low-cost international PGM assets, further enhancing Sibanye’s asset portfolio and creating a globally competitive South African mining champion with a unique commodity mix.
Stillwater and East Boulder are shallow to intermediate level underground PGM mines located in the state of Montana, in the US.
At 30 September 2018, Marikana had mineral reserves of 31.2 Moz 4E PGM and mineral resources of 160.8 Moz 4E PGM.
DRDGOLD is a specialist in the recovery of metal from the retreatment of surface tailings.