Sibanye-Stillwater increases its exposure to the circular economy

Johannesburg – Sibanye-Stillwater has announced that it now holds a 19.99% equity interest in New Century Resources acquired at A$61million. This follows the overwhelming approval vote of 99.6% by the New Century shareholders at its Annual General Meeting on 30 November 2021.

Sibanye-Stillwater CEO, Neal Froneman commented: “We are deliberately focused on increasing our exposure to the circular economy through both recycling and tailings re-treatment. Our investment in New Century complements our successful partnership with DRDGOLD Limited, and we look forward to supporting New Century to build a leading global tailings retreatment business, uniquely positioned to play a key role in green metal supply chains.”