Sibanye-Stillwater has expressed an interest in Zambia’s Mopani Copper Mines, the mine and smelter complex looking for new investors after Glencore sold the asset to state mining investment company ZCCM-IH in January last year.
Sibanye CEO, Neal Froneman disclosed this on Wednesday saying, Sibanye had registered an interest around a year ago, and that “we remain interested”.
“We like Zambia, we like what the new president is doing there,” Froneman said.
Sibanye mainly produces platinum group metals and gold, expanded into battery metals including lithium and nickel through a string of acquisitions.
Recall that Zambian President Hakainde Hichilema who was elected in August 2021, has overseen reforms in the mining tax regime in a bid to attract new investment and boost production in Africa’s second-biggest copper producer.