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Sibanye Stillwater signs chrome management deal with Glencore's Merafe Venture

Summary by Mining Technology | Mining News and Views Updated Daily
Sibanye Stillwater has entered into a chrome management agreement with Glencore's Merafe Venture in South Africa.The post Sibanye Stillwater signs chrome management deal with Glencore’s Merafe Venture appeared first on Mining Technology.
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Mining Technology | Mining News and Views Updated DailyMining Technology | Mining News and Views Updated Daily

Sibanye Stillwater signs chrome management deal with Glencore's Merafe Venture

Sibanye Stillwater has entered into a chrome management agreement with Glencore's Merafe Venture in South Africa.The post Sibanye Stillwater signs chrome management deal with Glencore’s Merafe Venture appeared first on Mining Technology.

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Billionaires.AfricaBillionaires.Africa

Sibanye, led by South African tycoon Neal Froneman, strikes chrome management deal with Glencore

Key PointsSibanye pivots to chrome as PGM prices slump, partnering with Glencore’s Merafe Venture to boost output and unlock synergies. Sibanye’s chrome revenue jumps 42 percent to R3.1 billion ($168.1 million) in H1 2024, with sales volumes up 19% year-over-year. CEO Neal Froneman exits in September after 12 years, reshaping Sibanye’s portfolio with a $500 million Franco-Nevada streaming deal.Sibanye-Stillwater, a mining company led by South Af…

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MiningmxMiningmx

What's behind Sibanye-Stillwater's chrome deal with Glencore?

SIBANYE-Stillwater’s agreement with Glencore-Merafe Joint Venture (GMV) announced today is designed to generate billions of rands in by-product chrome revenues for the Johannesburg miner. In a two part deal, the agreement will first accelerate delivery of chrome volumes in terms of the long-standing Marikana Contract (MC) which was signed between the GMV and Lonmin, the previous owner of the Marikana operations in 2011. Lonmin nearly went bust u…

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Miningmx broke the news in on Wednesday, February 19, 2025.
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