Friday, November 18, 2016

sibanye - we are one

sibanye gold? an unknown company with over 100 years of history? yes, both. 
sibanye gold limited is a south african mining company created in 11/2012 and listed in 2013 at the london + new york stock exchanges, after gold fields (which was founded in 1887) unbundled its south african mining activities and the old gold mines Kloof, Driefontein and Beatrix in the west Witwatersrand Basin (West Wits) as well as various service companies became part of sibanye gold limited.

well, i've enjoyed the presentation by CEO neal froneman in munich presented by jochen staiger's SRC (swiss resource capital)
sibanye means 'we are one' in the isiXhosa language
source of both pictures: company website https://www.sibanyegold.co.za/

few key notes about sibanye:
  • 9th biggest gold producer in the world with 1.5 million ounces yearly production
  • 5th biggest PGM producer (platinum group metals: platinum + palladium) after acquisition of aquarius platinum limited. with the newly acquired rustenburg platinum mine probably soon the 4th largest PGM producer
  • because of 100+ years of underground mining, the current deep is approx. 4 km, but with modern mining methods there is also more stuff not that deep
  • approx. 5% yearly dividend
  • current market cap 2.14 billion USD
  • huge employer in south africa with approx. 60,000 employees
  • responsible, safe and sustainable operations with good relationships to trade unions and local communities, which is not only nice but also needed for successful operations in south africa :-)
  • for me it seems to be stock which i really can 'buy and hold' for long, long, time 
  • etc.
more coming soon or never :-)
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