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Home » Sibanye reverses Mimosa impairment
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Sibanye reverses Mimosa impairment

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SIBANYE-Stillwater has reversed R581 million of impairment on its 50 percent-owned Mimosa platinum mine in Zimbabwe following higher commodity prices that improved the operation’s expected future cash flows and recoverable value.
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SIBANYE-Stillwater has reversed R581 million of impairment on its 50 percent-owned Mimosa platinum mine in Zimbabwe following higher commodity prices that improved the operation’s expected future cash flows and recoverable value. The reversal was recognised after an updated life-of-mine as­sessment indicated stronger future cash flows with the gross af­ter-tax equity-accounted reversal amounting to R783 million…

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