Business brief | Sibanye picks up 1.5 mines, and Eskom helps the climate, which helps it back
Sibanye-Stillwater made another acquisition in its push for transition metals, while metro-focused Octodec managed to please the market with its dividend growth.to acquire the Mt Lyell copper mine in Tasmania for $10 million from Vedanta. Mt Lyell is a previously operated underground copper mine , which commenced production in 1894 and operated until it was put on care and maintenance in 2014.
This would be for a bargain of R1, though Sibanye would assume all of the associated liabilities, including rehabilitation liabilities, that were estimated at R415 million at the time.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
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