Sibanye-Stillwater is weighing up offers for SA uranium

SIBANYE -Stillwater was considering offers for its uranium assets which could see it swap resources for a stake in a pure-play miner of the fuel.

“We have had interest out of Canada, Australia – your key uranium jurisdictions,” said Sibanye-Stillwater CEO Neal Froneman who said his company was also weighing potential partnerships with mining companies on a “vanilla” joint venture basis.

“We have had lots of interest and we are very open-minded as to who we could work with. We have got to do it on the best commercial terms,” he said.

Sibanye-Stillwater has about 32 million pounds of uranium contained in tailings at its mothballed Cooke operations west of Johannesburg and about as much underground at the Beatrix mine in the Free State.“These are some of the best pre-developed uranium assets in the world. The Cooke dumps, it is just uranium sitting on surface. It doesn’t really have to be mined,” […]

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