There’s gold in cleaner emissions
Sibanye-Stillwater is expected to do well out of the world’s need for palladium in exhaust pipe catalytic converters to purify emissions from vehicles, as the producer of platinum group metals responds to people’s concern about the environment and the population’s health
BUY: SIBANYE-STILLWATERShare price: 1473cJSE code: SGL The world is changing. People are becoming more aware of the impact of their lifestyles on the planet and are starting to adapt their behaviour. Stricter emissions laws are being passed globally that limit the amount of harmful greenhouse gases motor vehicles are allowed to emit. This creates an interesting opportunity for Sibanye-Stillwater.It has transformed itself from a spun-off collection of gold mining assets to one of the world’s largest players in the platinum group metals (PGM) arena.It’s been a strange journey for the company. At first CEO Neal Froneman was seen as a genius, then as foolish, but suddenly he looks like a genius again.PGMs, particularly palladium (mined in conjunction with platinum), is the primary metal for catalytic converters in motor vehicle exhaust systems, limiting the emission of harmful gases. About 74% of Sibanye-Stillwater’s total revenue in the quarter to June 2018 came from PGMs (R1bn was ear...