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.
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