Sibanye-Stillwater is purchasing US metals recycler Metallix, which should enhance its global recycling footprint.<\/p>\n\n\n\n
The group said it has entered into a purchase agreement to acquire Metallix Refining for a cash consideration of $82 million or R1.5 billion (an enterprise value of $105 million or R1.9 billion).<\/p>\n\n\n\n
Metallix produces recycled precious metals, such as gold, silver and platinum group metals, primarily from industrial waste streams.<\/p>\n\n\n\n
The company operates two processing and recycling operations in Greenville, North Carolina. On top of US customers, Metallix has a global customer base, which it services from the UK and South Korea.<\/p>\n\n\n\n
The company has been operating for over 60 years. In 2024, it processed 4.2 million pounds of precious metals.<\/p>\n\n\n\n
It produced roughly 21koz of gold, 874koz of silver, 48koz of palladium, 48koz of platinum, 4koz of rhodium, 3koz of iridium and 263klb of copper.<\/p>\n\n\n\n
“Metallix complements Sibanye-Stillwater’s US recycling operations in Montana and Pennsylvania, adding processing capacity, proprietary technology and extensive knowledge and experience,” it said.<\/p>\n\n\n\n
“The acquisition enhances the group’s global recycling reach and internal logistics capabilities, increasing its ability to source materials from multiple regions, facilitating the delivery of end-to-end solutions to customers.”<\/p>\n\n\n\n
Metallix has recorded positive earnings and cash flow and is expected to contribute immediately to the Sibanye-Stillwater Group’s earnings and cash flow.<\/p>\n\n\n\n
The deal is expected to close in the third quarter of 2025, and is subject to receipt of applicable regulatory approvals common for a transaction of this nature.<\/p>\n\n\n\n
“We are excited to be adding Metallix to our existing recycling footprint,” said Sibanye-Stillwater CEO Neal Froneman. <\/p>\n\n\n\n
“The scale, technology and know-how add positively to our existing recycling operations and advance our urban mining strategy.” <\/p>\n","protected":false},"excerpt":{"rendered":"
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