PIC raises shareholding in Sibanye-Stillwater to above 20%
South African State-owned asset management firm the Public Investment Corporation (PIC) has, in aggregate, acquired a further interest in the ordinary shares of multinational miner Sibanye-Stillwater, taking its total interest to 20.42%.
According to Sibanye-Stillwater’s website, the PIC previously held 18.07% of its shares in issue.
Sibanye-Stillwater operates across five continents, producing platinum, palladium, rhodium and gold. It also produces and refines iridium and ruthenium, nickel, chrome, copper and cobalt.
The group has also diversified into battery metals mining and processing and has increased its presence in the circular economy by growing its recycling and tailings reprocessing exposure globally.
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