TIISETSO MOTSOENENG: Turning trash into a green goldmine
Sibanye’s acquisition of metals recycler Reldan comes with circular economy benefits that far outweigh the risks
Sibanye-Stillwater is digging deeper (https://www.businesslive.co.za/bd/companies/mining/2023-11-09-sibanye-bulks-up-its-scrapyard-platinum-metals-portfolio/) into the circular economy. One of the world’s largest mining companies has agreed to buy Reldan, a US-based metals recycler, for $211m (almost R4bn).
The deal will boost its exposure to green precious metals and enhance its cash flow and earnings. That is one reason it pitched the deal to shareholders in a regulatory filing, or Sens, last week, and there is no obvious reason to doubt that commercial logic. ..
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