Tag: South African mining sector

PIC deepens stake in Sibanye-Stillwater miner
BusinessHot News

Africa’s largest asset manager, PIC takes $330 million more shares in Sibanye-Stillwater

PIC ups Sibanye stake to 20.2% with $329.61 million deal, signaling renewed faith in the miner ahead of Froneman’s September retirement.

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Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector
BusinessHot News

Mantengu acquires Blue Ridge Platinum in strategic pivot to PGM sector

At a Glance Mantengu Mining Ltd, the Johannesburg-listed investment holding company chaired by South African executive Jonas Tshikundamalema, has finalized the acquisition of Blue Ridge Platinum and Sheba’s Ridge from a consortium including Corridor Mining Resources and AfroCentric Investment Corporation for a total of R3 billion ($170.34 million). The deal, first unveiled in 2024, was approved by the boards and…

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