7:14pm on Dec 08, 2023
Convertible Bonds Offering
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR TO OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “U.S. SECURITIES ACT”)), OR IN OR INTO AUSTRALIA, JAPAN OR IN ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION, OFFERS OR SALES, WOULD BE PROHIBITED BY APPLICABLE LAW.
The Board has approved a new fund, the “BioniCCube” to foster research and development of new innovation/technologies and market development, by investing in and leveraging strategic partnerships. This will support the company on its path to becoming a climate change resilient business and a leading supplier of green metals and energy solutions.
New Century Resources
Sibanye-Stillwater, on October 27, 2021 announced that it has entered into investment agreements to acquire a 19.99% shareholding in New Century Resources Limited (Ticker ASX: NCZ) (New Century) through a new equity placement, and sub-underwriting of a New Century entitlement offer, for a maximum cash consideration of US$46 million (the Transaction). The Transaction is expected to be completed in December 2021, with a portion (outlined in the “Transaction details” section) subject to approval by New Century shareholders.
Santa Rita & Serrote, Brazil
Subsequent to the signing of the Atlantic Nickel SPA and the MVV SPA a geotechnical event occurred at Santa Rita. The Company assessed the event and its effect and has concluded that it is, and is reasonably expected to be, material and adverse to the business, financial condition, results of operations, the properties, assets, liabilities or operations of Santa Rita. Accordingly, pursuant to the terms of the Atlantic Nickel SPA, Sibanye BM Brazil (Proprietary) Limited (the "Purchaser"), a wholly owned subsidiary of Sibanye-Stillwater, gave notice of termination of the Atlantic Nickel SPA on 24 January 2022.
Rhyolite Ridge, Nevada
Sibanye-Stillwater Limited is pleased to announce that it has reached agreement with ioneer Limited to establish a joint venture with respect to the Rhyolite Ridge Lithium-Boron Project. Following the satisfaction of all conditions precedent as detailed in Transaction Details, paragraph 4 below, Sibanye-Stillwater will contribute US$490 million for a 50% interest in the Joint Venture, with ioneer maintaining a 50% interest and retaining the operational management responsibility for the Joint Venture.
Sibanye-Stillwater announced on 30 July 2021, that it has entered into an exclusive put option agreement (“Put Option”) with French mining group Eramet SA (Eramet) for the acquisition of 100% of the Sandouville nickel hydrometallurgical processing facility, located in Normandy, France
Keliber is an advanced lithium project, located in the Kaustinen region of Finland, one of the most significant lithium-bearing areas in Europe.
Sibanye-Stillwater enters into a strategic acquisition agreement with Generation Mining to further its Marathon project.
Acquisition of Lonmin
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.
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.
Altar project exploration partnership
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.
The Aquarius Transaction had a strong strategic and financial rationale for Sibanye, both on a stand-alone basis and particularly when considered in conjunction with the prior agreement to acquire Rustenburg PGM operations from Anglo American Platinum.
This transaction represented a meaningful entry for Sibanye into the Platinum Group Metals (“PGM”) sector, securing over 800,000 ounces of annual 4E PGM production and a large high quality resource of over 88 million oz of 4E PGMs offering the potential for substantial LOM extensions and/or growth.
- : Sibanye takes ownership of the Rustenburg Platinum Mines and implements management changes
- : Sibanye announces that the acquisition of the Rustenburg operations is now unconditional
- : Competition authorities approve acquisition of the Rustenburg Operations
- : Results of the general meeting – Acquisition of the Rustenburg Operations
- : Circular to Shareholders regarding proposed acquisition of Rustenburg Operations
- : Competent Person’s Report on Rustenburg Operations
- : Rustenburg Operations SLP
- : Presentation – Sale of the Rustenburg Operations
- : Presentation – Acquisition of Rustenburg investor presentation
- : Sibanye announces the proposed acquisition of the Rustenburg Operations from Anglo American Platinum Limited
- : SENS: Sibanye announces the acquisition of the Rustenburg mining and concentrating operations from Anglo American Platinum Limited