Deep Potential
Mining Weekly|January 20 - 26, 2017

Stillwater deal seen positioning Sibanye as globally competitive mining champion.

Martin Creamer
Deep Potential

The acquisition of America’s Stillwater Mining has the potential to put South Africa’s Sibanye on the inside track of low-cost mechanised primary mining as well as provide it with deep insight into secondary mining – the recycling of platinum-group metals (PGMs). Both these inputs will help Sibanye to become the globally competitive South African mining champion that it is going all out to be.

By putting its arm around the planet’s other platinum producers, Sibanye is boosting South Africa’s own Aladdin’s Cave of platinum treasure, which keeps the air above the world’s biggest cities clean, catalyses electricity generation in a manner that protects the environment and brings about a myriad of other crucial chemical reactions that make the world a much better place.

A 400 kW platinum fuel cell provides four times greater carbon reduction than a 400 kW solar photovoltaic farm, generates six times more energy and occupies 300 times less land.

Little wonder then that South Africa’s Public Investment Corporation, as a major Sibanye shareholder and custodian of the pensions of South Africa’s civil service, has given its formal blessing to the Stillwater deal.

Including Stillwater, Sibanye has now com mitted, mostly in hard cash, more than $2.8-billion to its future in platinum.

This story is from the January 20 - 26, 2017 edition of Mining Weekly.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the January 20 - 26, 2017 edition of Mining Weekly.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM MINING WEEKLYView All
Digitalised Mining Can Allow For Deeper Mining
Mining Weekly

Digitalised Mining Can Allow For Deeper Mining

The University of the Witwatersrand (Wits), in Johannesburg, will test its latest developments in digitalised mining technology in underground mining conditions in the next two months at the Sterkfontein caves, a World Heritage Site in Muldersdrift, near Krugersdorp.

time-read
4 mins  |
Mining Weekly 7 April 2017
Beyond Expectations
Mining Weekly

Beyond Expectations

Anglo exceeds target as 2016 net debt declines to $8.5bn

time-read
4 mins  |
Mining Weekly 3 March 2017
Many Leagues Under The Sea
Mining Weekly

Many Leagues Under The Sea

Proponents see glistening future in seabed mining, but environmentalists fret.

time-read
6 mins  |
Mining Weekly 24 March 2017
Greater Demand For Credible, Local Testing Spurs Growth
Mining Weekly

Greater Demand For Credible, Local Testing Spurs Growth

Local environmental laboratory X-Lab Earth Science plans to expand its sup-port for air-quality testing companies servicing the mining and minerals industry as demand grows for accredited data analysis in this sector.

time-read
3 mins  |
Mining Weekly 24 March 2017
First Bougouni Drilling Assays 'Highly Encouraging'
Mining Weekly

First Bougouni Drilling Assays 'Highly Encouraging'

West Africa-focused mineral exploration and development company Kodal Minerals has a busy exploration programme planned for the months ahead, with a focus on its lithium projects at Bougouni, in Mali.

time-read
3 mins  |
Mining Weekly 24 March 2017
Market Barometer
Mining Weekly

Market Barometer

ETFs act as market indicator for precious metals, ensuring improved transparency.

time-read
3 mins  |
Mining Weekly 21 April 2017
Test Production Starts at Mowana
Mining Weekly

Test Production Starts at Mowana

Africa ­focused gold and copper explo­ration and develop­ment company Alecto Minerals has started test production at its Mowana copper project, in Botswana, after initial commissioning at the project’s process plant, says CEO Mark Jones.

time-read
2 mins  |
Mining Weekly 21 April 2017
Digging Deeper Becoming More Attractive, Financially Possible
Mining Weekly

Digging Deeper Becoming More Attractive, Financially Possible

Developing a new shaft is regarded as a grudge purchase by mining compa-nies and their shareholders because of the capital-intensive nature of such projects.

time-read
3 mins  |
Mining Weekly 21 April 2017
Shaft Sinking Progresses at Platreef's Shaft 1
Mining Weekly

Shaft Sinking Progresses at Platreef's Shaft 1

The sinking of Shaft 1 at the Platreef platinum- palladium-gold-nickelcopper project, in Limpopo, South Africa, has reached a depth of more than 283 m below surface, 697 m away from its target depth.

time-read
2 mins  |
Mining Weekly 21 April 2017
Supply Cliff?
Mining Weekly

Supply Cliff?

Commodities supply shortfall looming following years of underinvestment

time-read
3 mins  |
Mining Weekly 17 March 2017