In a single quarter, Sibanye-Stillwater generated more earnings from its SA platinum group metal (PGM) mines than it paid for those assets in an aggressive race to go top of the world in mine-to-market supplies of those metals.

Sibanye made rapid-fire purchases of Aquarius Platinum and the Rustenburg mines owned by Anglo American Platinum before swooping on then-world No 3 platinum miner Lonmin, scooping all these assets up over a five-year period for R13.5bn...

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