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    SSW   ZAE000259701

SIBANYE STILLWATER LIMITED

(SSW)
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Sibanye-Stillwater to Buy French Nickel Refinery for EUR65 Million

07/30/2021 | 02:41am EDT

By Jaime Llinares Taboada

Sibanye-Stillwater Ltd. said Friday that it will acquire a nickel-processing facility in France for 65 million euros ($77.3 million) from Eramet SA.

The South African mining company said it has entered into an exclusive put option agreement for the acquisition of the Sandouville nickel hydrometallurgical processing facility in Le Havre, France's second-largest industrial port.

Sandouville includes a nickel refinery with a production capacity of 12,000 metric tons per year of nickel metal, 4,000 tons of nickel salts and solutions, and around 600 tons of cobalt chloride.

"The site is scaleable for nickel, cobalt and lithium battery grade products, and will enable Sibanye-Stillwater to further advance its battery metals strategy and recycling activities," Sibanye-Stillwater said.

The deal is expected to conclude by the end of the year.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

07-30-21 0240ET

Stocks mentioned in the article
ChangeLast1st jan.
ERAMET -0.52% 67 Real-time Quote.56.10%
PLATINUM 0.57% 941 Delayed Quote.-12.72%
SIBANYE STILLWATER LIMITED -0.06% 47.2 End-of-day quote.-21.33%
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Analyst Recommendations on SIBANYE STILLWATER LIMITED
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Financials
Sales 2021 172 B 11 706 M 11 706 M
Net income 2021 46 942 M 3 186 M 3 186 M
Net cash 2021 29 065 M 1 972 M 1 972 M
P/E ratio 2021 3,02x
Yield 2021 11,4%
Capitalization 132 B 8 951 M 8 967 M
EV / Sales 2021 0,60x
EV / Sales 2022 0,45x
Nbr of Employees 80 000
Free-Float -
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Mean consensus BUY
Number of Analysts 10
Last Close Price 47,20 ZAR
Average target price 86,78 ZAR
Spread / Average Target 83,9%
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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 Chairman
Robert van Niekerk Chief Technical Officer
Richard A. Stewart Chief Operating Officer
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