Stillwater deal seen positioning Sibanye as globally competitive mining champion.
The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help Sibanye to become the globally competitive South African mining champion that it is going all out to be.
By putting its arm around the planet’s other platinum producers, Sibanye is boosting South Africa’s own Aladdin’s Cave of platinum treasure, which keeps the air above the world’s biggest cities clean, catalyses electricity generation in a manner that protects the environment and brings about a myriad of other crucial chemical reactions that make the world a much better place.
A 400 kW platinum fuel cell provides four times greater carbon reduction than a 400 kW solar photovoltaic farm, generates six times more energy and occupies 300 times less land.
Little wonder then that South Africa’s Public Investment Corporation, as a major Sibanye shareholder and custodian of the pensions of South Africa’s civil service, has given its formal blessing to the Stillwater deal.
Including Stillwater, Sibanye has now com mitted, mostly in hard cash, more than $2.8-billion to its future in platinum.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Supply Cliff?
Commodities supply shortfall looming following years of underinvestment
Strikes Threaten Coal Sector
If an agreement cannot be reached on the future structure and form of wage nego­tiations in the coal sector, unions have threatened to strike, says Solidarity mining industry deputy general secretary Connie Prinsloo.
Continued Focus On Downstream Development
Continued Focus On Downstream Development
Unrelenting Scourge
Mining fatalities in South Africa rise for first time in decade
Plea For Open Discussion
Diamonds body calls for ‘productive dialogue’ on Kimberley Process reform
Deep Potential
Stillwater deal seen positioning Sibanye as globally competitive mining champion.
Explosive Advantage
Explosives reloading system helping Gold One to reduce mining costs.
Critical Juncture
South Africa’s mining sector at a crossroads, collaborative effort required.
Consulting Engineering's Viability Proportional to Mining's Growth
The consulting engineer-ing industry’s sustain-ability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa).
Greater Emphasis On Ensuring Sustainability
Engineering expertise can be used to generate socio-economic gains for mining companies, particularly in jurisdictions that are dependent on the finite business of mineral extraction, states global engineering and infrastructure advisory firm Aurecon, an adviser to the African mining sector.
