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Incwala Resources

Project Description

Phembani Group is the BEE partner of Sibanye. Phembani Group acquired a 50.3 % stake in Incwala Resources in July 2010. Incwala Resources owns 18% of Lonplats and 26% of the Akanani Project.

Sibanye is listed on the stock exchange in Johannesburg. The company engages in the discovery, extraction, refining and marketing of platinum group metals (PGMs) and other mining products.

These metals are essential for many industrial applications, especially catalytic converters for internal combustion engines to prevent harmful emissions, and, particularly in China and Japan, where platinum is a metal of choice with jewellery manufacturers. The by-products arising from PGM mining include gold, copper, nickel, chrome and cobalt. The core operations, Western Platinum Limited and Eastern Platinum Limited, referred to as Marikana Operations, consisting of eleven shafts and inclines, are situated in the Bushveld Igneous Complex in South Africa, a country which hosts nearly 80% of global PGM resources. Sibanye holds a new order mining licence from the South African government for the company’s core operations.

Sibanye conducts all its business in a socially and environmentally responsible and sustainable manner.