Sibanya-Stillwater makes a play for New Century

Global metals miner Sibanye-Stillwater has launched a A$1.10 a share takeover offer for Australian zinc miner New Century Resources, in which it already holds a 19.9% interest.

Sibanye-Stillwater on Tuesday expressed concern about the change in the strategic directions of New Century under its current management, with the building of a tailings asset management services business no longer a focus.