Sibanye-Stillwater buys stake in tailings retreatment firm New Century

Miner Sibanye-Stillwater has completed its acquisition of a 19.99% stake in New Century Resources Limited, which owns the Century tailings zinc retreatment operations in Queensland, Australia, the company said.

The A$61 million ($43 million) deal, which was announced in October, was approved by Century shareholders at its annual general meeting last week.
The move is part of the company’s plan to increase its exposure to the circular economy through both recycling and tailings re-treatment, according to Sibanye-Stillwater chief executive officer Neal Froneman.

“Our investment in New Century complements our successful partnership with DRDGOLD Limited, and we look forward to supporting New Century to build a leading global tailings retreatment business,...

Published

Andrea Hotter

December 08, 2021

16:58 GMT

New York