12 Nov 2025

Sibanye-Stillwater $105 Million Acquisition of Metallix Refining

"Davis Polk advised Sibanye Stillwater Limited on its acquisition of Metallix Refining Inc. and certain affiliates at an enterprise value of $105 million. Sibanye-Stillwater is an international precious metals miner; Metallix is a precious metals recycler with operations in the U.S., Europe and South Korea."

Davis Polk advised Sibanye Stillwater Limited in connection with its acquisition of Metallix Refining Inc. and certain affiliated companies. The transaction involves Sibanye-Stillwater Limited's purchase of Metallix Refining Inc. and certain affiliated entities at an enterprise value of $105 million. Sibanye-Stillwater is an international precious metals mining company with a diverse portfolio that includes platinum group metal operations in the United States and Southern Africa, gold operations and projects in South Africa, and copper, gold and platinum group metal exploration properties in North and South America. Metallix is a leader and innovator in precious metals recycling with operations in the United States, Europe and South Korea. Davis Polk represented client(s) Sibanye Stillwater Limited with a team composed by: partner Michael J. Willisch, counsel Paula Querol Abenia, associates Jose Lucena-Rebollo and Shelby Young (corporate); partners Ronan P. Harty and Matthew Yeowart (antitrust and competition); partner Paul D. Marquardt (regulatory); counsel Alon Gurfinkel (tax); partner Adam Kaminsky (executive compensation); and partner Pritesh P. Shah (intellectual property). Members of the Davis Polk team are based in the Madrid, London, Washington DC and New York offices.
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