Canada Markets closed

Sibanye Stillwater Limited (SBSW)

NYSE - NYSE Delayed Price. Currency in USD
Add to watchlist
10.20-0.01 (-0.10%)
At close: 04:00PM EDT
10.11 -0.09 (-0.88%)
After hours: 07:54PM EDT

Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Sept. 30.

Sign in to post a message.
  • I
    Indy
    Johannesburg, 3 October 2022: Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) wishes to advise that its effective shareholding in Keliber Oy (Keliber) has increased to 84.96%.As announced in the 30 June 2022 Market Release titled ?Sibanye-Stillwater to achieve majority shareholding in Keliber, and proposes to increase its shareholding further to 80%? (https://www.sibanyestillwater.com/business/green-metals/keliber-lithium-project/), Sibanye-Stillwater is pleased to confirm that it has increased its shareholding in Keliber to an effective 84.96% through a series of transactions. On 29 July 2022, Sibanye-Stillwater exercised its pre-emptive right (?the Pre-emptive Offer?) to increase its stake in Keliber from 30.29% to 50% plus 1 share for a cash consideration of approximately #$%$146 million. Registration by the Finnish Trade Register of the new shares issued in terms of the Pre-emptive Offer is anticipated shortly at which stage this increase in Sibanye-Stillwater?s stake in Keliber will be formally completed.The Company also made a voluntary cash offer to minority shareholders of Keliber, other than the Finnish Minerals Group, which has resulted in Sibanye-Stillwater?s shareholding increasing to an effective 84.96% for a further cash consideration of approximately #$%$189.8 million excluding Finnish transfer tax of #$%$2.3 million. The Finnish Minerals Group currently holds an effective 13.90% of Keliber and other remaining minority shareholders an effective1.14% of Keliber.With the voluntary offer now concluded, a capital raise by Keliber (?the Capital Raise?) will be executed to achieve Keliber?s desired debt to equity ratio. The maximum total investment in the Capital Raise by Sibanye-Stillwater is around #$%$104 million depending on the extent to which minorities and the Finnish Minerals Group participate.Conventional debt facilities are currently under discussion with third party lenders to at least match the #$%$250 million equity contribution to fully fund construction of the project.Neal Froneman, CEO of Sibanye-Stillwater, commenting on the Keliber developments said, ?We are delighted to have secured a majority stake in Keliber. We look forward to partnering with our Finnish stakeholders in the project to advance its permitting and development enabling delivery of high quality, low-cost lithium hydroxide with a low carbon footprint into the growing European battery industry.?
  • E
    Elstockjock
    Considering the nice move up in gold and news on Keliber mine along with overall up move in market this stock should be at 11$ now.
  • F
    Fencer
    Looks like FED was looking for a reason to pivot, and the UN telling FED to stop raising looks like a good reason. This has taken shorts by surprise! There are 12-15 million shares of SBSW that need to cover...this could take us back to $15 pretty quickly with all the good news helping the stock.
  • S
    Stanley
    thank you Dakota for your info very helpful. Bunny haven't seen you around lately are you still hoping
  • I
    Indy
    Sibanye-Stillwater is interested in Zambia's Mopani Copper Mines, the complex looking for new investors after Glencore sold the asset to the state last year, CEO Neal Froneman said Wednesday.

    The CEO said the company likes Zambia, "we like what the new president is doing there," referring to President Hakainde Hichilema, who was elected in August 2021 and has pushed mining tax reforms in a bid to attract new investment and boost production in Africa's second largest copper producer.

    The 90-year-old Mopani mine has the potential to produce 225K metric tons/year of copper, nearly triple its expected 2022 production, but it needs at least $300M to fund a complicated underground expansion.
  • j
    joshing
    Sibanye-Stillwater : Sibanye-Stillwater increases its effective shareholding in Keliber to 84.96%
  • r
    rastus
    twothey iz whensthey ann mi staock mynus...
  • D
    Decoder
    PGM prices currently support $12.39. Pt making its rush toward a kilobuck; Pd above $2300 per CME data (the company site shows below $2200); Gold rising above AISC.
    The SP still is more than $2 below the regression value, which suits the endless manipulation accumulation, imo.
    Watch for Pd news regarding possible sanctioning.
  • F
    Fencer
    It will be interesting to see how 15 million short shares cover in the next month or two.
  • I
    Indy
    Update on wage negotiations at the SA PGM Rustenburg and Marikana operations
    Johannesburg, 30 September 2022.

    Sibanye-Stillwater (Tickers JSE: SSW and NYSE: SBSW) advises stakeholders that agreement in respect of wages and benefits has been reached with two of the three recognised unions at its SA PGM operations, the National Union of Mineworkers (NUM) and UASA. Disappointingly, leadership of the Association of Mineworkers and Construction Union (AMCU) has declared a dispute which has been referred to the Commission for Conciliation, Mediation and Arbitration (CCMA) for conciliation.

    At the outset of wage negotiations, all parties agreed to engage in a constructive manner in the interest of reaching an efficient and fair conclusion. To this end, Sibanye-Stillwater has engaged in good faith in order to avoid protracted positional bargaining in the best interests of employees.

    The company has presented an inflation linked, five-year offer comprising fixed average annual wage increases of 6% and above for bargaining unit employees for a three-year period, followed by CPI-linked agreements in years 4 and 5, as well as notable increases in benefits.

    Basic wages for entry level employees have increased on average by over 90% since 2013, compared with a compound increase in CPI of approximately 45% over the period. The current offer will result in further meaningful gains for employees, with entry level employees on average achieving a basic wage of over R20,000 per month and a total cost to company* of over R34,000 per month by year five, or a basic wage of approximately R250,000 per annum and an annual average total cost to company of approximately R410,000.

    Says Richard Stewart, Chief Regional Officer: Southern Africa: “We remain committed to achieving a fair and sustainable agreement and avoiding prolonged negotiations as agreed upfront with the unions. It is concerning that despite overwhelming support for the offer by employees and union representatives at the operations, AMCU national leadership has again chosen to ignore their members. We will continue to act in the interest of all stakeholders.”
  • J
    Jonathan
    I think 5.25 billion MKT cap will be the lowest this goes. When things turn around, this will go up 3-5x imo.

    Could get worse like I have been saying. USD is on a tear.

    Really good Sibayne has little debt.
  • M
    Mario Pio
    Bought 1500 more shares of SBSW at 8.24 for a total of 6440 shares, good news is coming, bad times are soon over, it's time to buy. Gold, platinum and all the rest are the only way out of bad times. Stay long.
  • M
    MARK
    Thanks for the cheal after hour shares. Gold and PGM are up >>>> Cheers
  • j
    joshing
    With both the SA gold and US PGM operations resuming production from suspended operations during H2 2022, the outlook for the
    remainder of 2022 is significantly improved. The Group is financially sound, generating positive cash flow, with a robust balance sheet
    offering significant financial flexibility. We are well positioned both to endure the prevailing economic down-cycle, and also benefit from
    value opportunities which may eventuate.
  • F
    Fencer
    Who in the World is selling here? Company should announce a share buyback here and take 10-20 million shares off the market. PE is under 4...This makes 99% of the rest of the stock market overpriced, yet SBSW is also taking a hit...Well positioned miners should trading higher, not selling off. Makes no sense!
  • J
    Jonathan
    Another example of why buy backs are bad with cyclicals. Most of the buybacks were between 15-23$. Much better ways of returning capital then buying peak of the cycle.
    Now would be a great time to do 250 million in buy backs, but I doubt there is cash aviable now.
  • j
    joshing
    PA up 5% last 30 days
  • j
    joshing
    PA likely to test 2500
  • S
    Stanley
    with my dividend converted and some sneaky Hideaway cash I just bought another thousand shares I remember buying it back in 2017 at 2:25 I think this is a great opportunity nothing like the present to invest your money in sbsw thank you Neil and your staff and board of directors for doing one hell of an outstanding job thank you so very much
  • r
    robert
    keep buying. if you bought at 10 and now it is at 8, you are getting a 20% discount.