Source: CGTN Africa
Investment Thesis
The South African Sibanye-Stillwater (SBGL) is a robust miner that I consider a decent candidate from a long-term investor's perspective. The company was primarily a gold producer a few years ago but changed radically since the acquisition of the US Stillwater Mining in 2017 for $2.2 billion.
The company attempted to diversify beyond gold mining, and this strategy turned out to be a success. This purchase was Sibanye's third platinum/palladium acquisition since late 2015, which made the company the world's third-largest platinum/palladium producer.
Sibanye-Stillwater is the second South