Mining News

Sibanye expands tailings retreatment exposure through 20% stake in Australian company

JSE- and NYSE-listed Sibanye-Stillwater has entered into investment agreements to acquire a 19.99% shareholding in ASX-listed New Century Resources, which owns the Century tailings zinc retreatment operations in Queensland, Australia. Sibanye says the transaction, which is expected to close by December, represents a unique opportunity to generate long-term value for its stakeholders, while enhancing its profile as a premier, global tailings retreatment leader that is uniquely positioned to play a key role in future supply chains for a sustainable circular economy.

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