In an environment where Sibanye-Stillwater’s shareholders are reluctant to invest anything more in South African projects, leaving a large tailings retreatment project undeveloped, the marriage of forces between SA’s largest domestic gold producer and tailings retreatment specialist DRDGold makes perfect sense.The benefits will flow both ways. Sibanye secures a 38% in DRDGold, which will essentially develop the West Rand tailings retreatment project. The project was conceived by Gold Fields and carefully studied and added to by Sibanye, which was formed when Gold Fields unbundled three deep-level gold mines into a newly formed company. DRDGold at a stroke gets its hands on a large, new high-grade resource and a fresh footprint in which to operate. DRDGold, which produces about a tonne of gold every three months from its tailings resources south and east of Johannesburg, is an expert tailings retreatment company and the perfect fit for the Sibanye strategy to ensure these tailings ar...
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