Behind Sibanye’s blowout R15.3bn quarterly earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

The world’s leading source of PGMs earns more from its SA mines in one quarter than the R13.5bn it paid for them

In a single quarter, Sibanye-Stillwater generated more earnings from its SA platinum group metal mines than it paid for those assets in an aggressive race to go top of the world in mine-to-market supplies of those metals.

Sibanye made rapid-fire purchases of Aquarius Platinum and the Rustenburg mines owned by Anglo American Platinum before swooping on then-world No 3 platinum miner Lonmin, scooping all these assets up over a five-year period for R13.5bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités