- Sibanye-Stillwater , the largest shareholder in New Century Resources with an interest of 19.9%, yesterday announced that it has launched an off-market takeover offer for all of the shares in New Century that it does not already own, in accordance with Australian takeovers requirements.
The company said that in the event that Sibanye-Stillwater acquires all of the securities in New Century that it does not already own, Sibanye-Stillwater will pay up to US$83 million under the transaction. New Century is an Australian base metal producer with significant zinc assets and a brownfield copper development project. New Century is a top-15 global and top-five domestic zinc producer, operating Australia's largest hydraulic mine at the Century Mine in Queensland; extracting, processing and marketing zinc recovered from historical tailings.