Energy transition minerals

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South Africa state fund raises Sibanye stake above 20%
MINING.COMยท 2025-10-11 23:19
Group 1: Company Overview - Public Investment Corporation (PIC) has increased its shareholding in Sibanye-Stillwater to 20.42%, making it the largest investor in the mining company [1] - Sibanye-Stillwater operates mines across five continents and produces various metals including nickel, chrome, copper, and cobalt [2] Group 2: Investment and Financial Performance - PIC manages over R3 trillion (approximately $165.62 billion) in assets and has significantly invested in South Africa's resource sector, with a 42.5% gain in its precious metals and mining investments for the 2024/25 financial year due to increased safe-haven demand [3] - PIC plans to invest R1.35 billion in early-stage mining companies, with at least half of the investments focused on energy transition minerals such as copper and lithium [4]