Mining Other
Commission recommends Tribunal approve Glencore, Sibanye-Stillwater chrome recovery plant merger
Sibanye-Stillwater owns and operates a number of CRPs, which are situated at its South African platinum group metals mining operations. GOSA also owns CRPs.
The parties in February announced plans for the PSV to operate Sibanye-Stillwater’s CRPs, as well as GOSA’s CRPs, to enable both groups to leverage synergies in the operation of the CRPs and increase chrome output.
The commission says it is of the view that the proposed transaction is unlikely to substantially lessen or prevent competition in any market and that the proposed transaction does not raise significant public interest concerns.
Mining Weekly reported in February that South Africa, which was once a significant ferrochrome producer, now supplies most of its chrome to China, where it is used in ferrochrome product and, in turn, to produce stainless steel.
The publication earlier this month further reported that the ferrochrome industry was seeking solutions to its dwindling production, noting that the country had produced about 27-million tons of chrome ore in 2024, of which only about seven-million tons could be converted to ferrochrome, domestically.