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    SSW   ZAE000259701

SIBANYE STILLWATER LIMITED

(SSW)
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Sibanye-Stillwater Confirms Talks to Acquire Brazil Mines

10/25/2021 | 01:54am EST

By Joe Hoppe

Sibanye-Stillwater Ltd. said Monday that it has entered into negotiations to acquire both the Santa Rita nickel and Serrote copper mines in Brazil, which might materially affect the price of its shares.

The South African mining company said it entered into talks with affiliates of funds advised by London-based investment firm Appian Capital Advisory LLP, and if successful might affect the price of its shares. Shareholders should exercise caution ahead of a full announcement, it said.

The company didn't specify a price, but The Wall Street Journal said earlier Monday that the discussions were for around $1 billion including debt, citing people familiar with the matter. The acquisitions are part of a global race among miners to secure stocks of key metals used in electric-car batteries, the Journal said.

Shares in Johannesburg at 0738 GMT were down 0.76 rand, or 1.4%, at ZAR53.8.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

10-25-21 0354ET

Stocks mentioned in the article
ChangeLast1st jan.
PLATINUM -1.73% 965.5 Delayed Quote.-11.10%
SIBANYE STILLWATER LIMITED -3.62% 47.9 End-of-day quote.-20.17%
All news about SIBANYE STILLWATER LIMITED
11/24South African rand dips on stronger dollar, stocks fall
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11/24SIBANYE STILLWATER : confirms outcome of today's wage negotiations
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11/23Deutsche Bank Adjusts Sibanye Stillwater PT to $20 From $19, Maintains Buy Rating
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11/23Deutsche Bank on 2022 Mining Outlook
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11/18GOLD WAGE NEGOTIATIONS UPDATE : Sibanye-Stillwater tables conditional settlement offer
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11/10Sibanye-Stillwater prices an oversubscribed, dual tranche US$1.2 billion Senior Notes o..
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11/10Sibanye-Stillwater prices an oversubscribed, dual tranche US$1.2 billion Senior Notes o..
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11/04UPDATE ON THE SANDOUVILLE TRANSACTIO : Completion of the Workers council consultation and ..
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Analyst Recommendations on SIBANYE STILLWATER LIMITED
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Financials
Sales 2021 162 B 10 063 M 10 063 M
Net income 2021 40 687 M 2 521 M 2 521 M
Net cash 2021 16 133 M 1 000 M 1 000 M
P/E ratio 2021 3,51x
Yield 2021 9,78%
Capitalization 135 B 8 277 M 8 337 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,69x
Nbr of Employees 80 000
Free-Float -
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Mean consensus BUY
Number of Analysts 9
Last Close Price 47,90 ZAR
Average target price 74,89 ZAR
Spread / Average Target 56,3%
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Managers and Directors
Neal John Froneman Chief Executive Officer & Executive Director
Charl Keyter Chief Financial Officer & Executive Director
Thabane Vincent Maphai Non-Executive Chairman
Robert van Niekerk Chief Technical Officer
Richard A. Stewart Chief Operating Officer
Sector and Competitors