BL PREMIUMSibanye-Stillwater tightened its grip on SA’s gold industry, taking control of DRDGold, the country’s largest tailings recycling company, at a deep discount.
Sibanye, which has tied up a vast swathe of SA’s platinum group metals industry to become the world’s second-largest producer of platinum, palladium and rhodium behind Russia’s Norilsk Nickel in the space of four years, triggered an option to increase its stake in DRDGold to 50.1% from 38% for R1.1bn. These metals are used to make autocatalysts.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: