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Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents. The Group is also one of the foremost global PGM auto catalytic recyclers and has interests in leading mine tailings retreatment operations.
Norilsk Nickel had bought a 51% stake in Stillwater in 2003, but in November 2010 Norilsk Nickel announced plans to sell this stake. [2] The South African mining company Sibanye Gold Limited proposed in December 2016 to acquire Stillwater for $2.2 billion ($18/share, a 61-percent premium over its average share price during the previous 52 weeks).
The Kroondal mine is a large open pit mine located in the north-western part of South Africa in Rustenburg, North West. Kroondal represents one of the largest platinum reserves in South Africa having estimated reserves of 6.2 million oz of platinum. [2] The mine produces around 217,000 oz of platinum/year. [2]
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Probable reserves are 21.2 million cubic meters of ore at an ore grade of 1.69 carats (338 mg) per 100 cubic meters (3.38 mg/m 3). There is a waste rock overburden of about 33 million cubic meters. Big Hole
South Deep; In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited, which was then renamed Sibanye Gold Limited, and consisted of the KDC (formerly Kloof) and Beatrix mines, as well as an array of support service entities in South Africa.
In 2009, ARM joined the International Council on Mining and Metals. [12] In 2009, ARM was reported to be planning $1.12 billion investments in mining in Zimbabwe. [13] [14] In August 2010, ARM entered a $380 million joint venture with Vale to build a copper mine in Zambia, which was expected to produce 100,000 tons of copper.