https://www.engineeringnews.co.za
Business|Copper|Financial|Gold|Industrial|Mining|Platinum|Sustainable|Waste|Waste Management|Waste
Business|Copper|Financial|Gold|Industrial|Mining|Platinum|Sustainable|Waste|Waste Management|Waste
business|copper|financial|gold|industrial|mining|platinum|sustainable|waste-company|waste-management|waste

Sibanye-Stillwater completes acquisition of Reldan

18th March 2024

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Diversified miner Sibanye-Stillwater's acquisition of the Reldan Group of Companies has been successfully concluded for a final cash purchase consideration of $155.9-million.

Sibanye in November 2023 entered into a purchase agreement to acquire Reldan.

The consideration was paid from the proceeds of the $500-million senior unsecured guaranteed convertible bond due in 2028, completed in November 2023, with a coupon of 4.25% a year.

The acquisition of Reldan complements Sibanye’s US platinum group metals recycling business, in Montana, and enhances its exposure to the circular economy, Sibanye states.

Reldan processes industrial and electronic waste and, in the 2022 financial year, produced 145 000 oz of gold, 19 000 oz of silver, 22 000 oz of palladium, 25 000 oz of platinum and 3.4-million pounds of copper.

“We are embracing resource stewardship through secondary mining and recycling. The addition of Reldan, at an opportune time in the recycling business cycle, is set to unlock significant value for the group.

“Reldan's commitment to responsible urban mining and sustainable waste management resonates with Sibanye's ethos, aligning closely with our business purpose to safeguard global sustainability through our metals,” says Sibanye CEO Neal Froneman.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.942 1.015s - 256pq - 2rq
Subscribe Now