Latest news with #SibanyeStillwater
News24
23-07-2025
- Business
- News24
JSE crosses 100 000 for the first time
For more financial news. go to the News24 Business homepage. South Africa's benchmark stock index crossed the psychological level of 100 000 for the first time on optimism that a crucial budget vote will get support from key parties in the governing coalition. The index has advanced about 19% this year, hitting multiple record highs and outperforming a gauge of emerging stocks. The gains have been paced by precious metal miners including Sibanye Stillwater and Northam Platinum. South Africa's president this week ousted his embattled higher education minister, easing tensions within the governing alliance and clearing the path for the national budget to be approved. Lawmakers will vote on a law that allocates funds to government departments on Wednesday. Wall Street banks including JPMorgan Chase & Co. and Goldman Sachs Group earlier this month said the country's financial and cyclical stocks are also set to outperform emerging-market peers as Federal Reserve easing creates room for its South African counterpart to cut interest rates.
Bloomberg
23-07-2025
- Business
- Bloomberg
South African Stock Index Crosses Psychological Level of 100,000
South Africa's benchmark stock index crossed the psychological level of 100,000 for the first time on optimism that a crucial budget vote will get support from key parties in the governing coalition. The index has advanced about 19% this year, hitting multiple record highs and outperforming a gauge of emerging stocks. The gains have been paced by precious metal miners including Sibanye Stillwater Ltd. and Northam Platinum Holdings Ltd.
Zawya
22-07-2025
- Business
- Zawya
South Africa: Sibanye-Stillwater to acquire US PGM refinery for $82mln
Sibanye-Stillwater announced that it has entered into a purchase agreement to acquire Metallix Refining for $82m. In operation for the last 60 years, Metallix produces recycled precious metals, including gold, silver and platinum group metals (PGMs), primarily from industrial waste streams. It operates two processing and recycling operations in Greenville, North Carolina. Metallix has a global customer base, which it services from the United Kingdom and South Korea, in addition to its customers in the United States. For the 12 months ended 31 December 2024, Metallix processed approximately 4.2 million lbs of precious metals bearing waste materials and produced approximately 21koz of gold, 874koz of silver, 48koz of palladium, 48koz of platinum, 4koz of rhodium, 3koz of iridium and 263klb of copper. Metallix complements Sibanye-Stillwater's US recycling operations in Montana and Pennsylvania, adding processing capacity and proprietary technology. Sibanye-Stillwater CEO Neal Froneman commented: 'We are excited to be adding Metallix to our existing recycling footprint – the scale, technology, and know-how add positively to our existing recycling operations and advance our urban mining strategy. We expect significant value uplift through the large number of synergies with our existing recycling operations.' The acquisition enhances the group's global recycling reach and internal logistics capabilities, increasing its ability to source materials from multiple regions, facilitating the delivery of end-to-end solutions to customers. Based on the latest audited financial information, Metallix has recorded positive earnings and cash flow and is expected to contribute positively to the Sibanye-Stillwater Group's earnings and cash flow immediately. The transaction is expected to close during the third quarter of 2025, subject to receipt of applicable regulatory approvals customary to a transaction of this nature.
Yahoo
21-07-2025
- Business
- Yahoo
Sibanye-Stillwater to acquire metals recycler Metallix for $82m
Sibanye-Stillwater has signed an agreement to acquire Metallix Refining, a US-based metals recycler, for a cash consideration of $82m (R1.45bn), with an enterprise value of $105m. This acquisition is set to bolster Sibanye-Stillwater's global recycling footprint and enhance its processing capacity, technology and expertise. Metallix, with a history spanning more than six decades, specialises in producing recycled precious metals from industrial waste streams. Its operations in Greenville, North Carolina, have processed approximately 4.2 million pounds of precious metal-bearing waste materials, resulting in the production of significant quantities of copper, gold, iridium, palladium, platinum, rhodium and silver in the 12 months leading up to 31 December 2024. The integration of Metallix's operations with Sibanye-Stillwater's existing recycling facilities in Montana and Pennsylvania is expected to strengthen the latter's logistical capabilities. This strategic move is expected to enhance the group's ability to source materials from diverse regions and offer comprehensive solutions to its customers. Sibanye-Stillwater CEO Neal Froneman said: 'We are excited to be adding Metallix to our existing recycling footprint – the scale, technology and know-how adds positively to our existing recycling operations and advances our urban mining strategy. 'We expect significant value uplift through the large number of synergies with our existing recycling operations.' According to the latest audited financial data, Metallix has demonstrated positive earnings and cash flow, indicating that its addition to the Sibanye-Stillwater Group will have an immediate beneficial impact. The acquisition is due to be finalised in the third quarter of 2025, pending the necessary regulatory approvals. In May 2025, Sibanye-Stillwater reported a 17% increase in the projected cost of its Keliber lithium project in Finland, now estimated at €783m ($880m), up from the previous €667m. "Sibanye-Stillwater to acquire metals recycler Metallix for $82m" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
08-07-2025
- Business
- Yahoo
Sibanye Stillwater (SBSW) Hits New All-Time High on Bullish Reco
Sibanye Stillwater Limited (NYSE:SBSW) is one of the . Sibanye Stillwater jumped to a new all-time high on Monday, touching $8.06 before paring gains to end the day just up by 4.76 percent to $7.93 apiece, with investor sentiment buoyed by Wall Street Zen's more bullish recommendation on its stock. In a market note over the weekend, Wall Street Zen upgraded its stock to 'buy' from 'hold' previously. The recommendation followed the company's revival of its Burnstone gold project in South Africa, with an additional $281 million investment expected to be poured in after a 4 billion rand expenditure already infused into the project. According to Sibanye Stillwater Limited (NYSE:SBSW), it expects to exploit favorable gold pricing within 20 years of expected operations for the project. A mining truck loaded with precious metals in an open pit mine. In recent news, Sibanye Stillwater Limited (NYSE:SBSW) announced a more optimistic business outlook for the rest of the year, as it expects to continue posting positive outcomes from its actions over the past two years. In the first quarter of the year, Sibanye Stillwater Limited (NYSE:SBSW) registered an 89-percent jump in adjusted EBITDA of $222 million as a result of its diversification and restructuring program. Among its businesses, PGM operations was the strongest, contributing $137 million. While we acknowledge the potential of SBSW as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
