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Sibanye-Stillwater mines for precious metals including palladium, platinum, gold and associated metals. It operates through the following segments: Driefontein, Kloof, and Beatrix. Read More The company was founded on December 12, 2002 and is headquartered in Westonaria, South Africa.
Weltevreden Park, Gauteng
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The Motley Fool16h
Why Shares of Sibanye-Stillwater Jumped on Tuesday
What happened Shares of gold producer Sibanye-Stillwater (NYSE:SBGL) climbed nearly 10% on Tuesday afternoon after the company won court approval to proceed with its planned restructuring of two South African gold mines. So what Sibanye-Stillwater said in a statement that the South African Labour Court has dismissed an attempt by the Association of Mineworkers and Construction Union (AMCU) to halt the restructuring of its Driefontein and Beatrix gold mines. The company, formed via a $2.2 billion merger ...
Sibanye-Stillwater +9% as union fails to block mine restructuring
Sibanye-Stillwter (SBGL +9.4% ) wins a go-ahead to continue with the proposed restructuring of its Driefontein and Beatrix gold mines after South Africa's Labor Court dismisses an interdict attempting to halt the restructure by the AMCU union.
Seeking AlphaMar 11
Sibanye-Stillwater Bond: High-Yield In The Metals Industry Given Balanced Risks
High palladium prices should boost the company's EBITDA in 2019 despite strikes on the company's gold mines in South Africa. Sibanye-Stillwater is the only HY bond issuer that has high exposure to palladium and the platinum sector. By Vladimir Nikulin, CFA Sibanye-Stillwater (SBGL) is the third largest producer of platinum and palladium, and placed among the world’s top gold producing companies. The company operates in South Africa (Gold and Platinum) and the US (Platinum). The company supports growth by...