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Despite Trump's fight against green subsidies, Sibanye is confident about a tax credit windfall

Summary by News24
The miner expects an incentive could bring R1.1bn in the current financial year.

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Despite Trump's fight against green subsidies, Sibanye is confident about a tax credit windfall

The miner expects an incentive could bring R1.1bn in the current financial year.

·South Africa
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MiningmxMiningmx

Sibanye-Stillwater says US to grant R4.8bn in metals subsidies

SIBANYE-Stillwater said on Friday it stood to benefit from historic and current tax credits totalling $121m in Ebitda for its US platinum group metal operations, enough to have made the struggling Stillwater mine profitable. The tax credits are in terms of US legislation the Inflation Reduction Act which was amended by the Department of Treasury last year to include miners and processors of critical minerals such as PGMs. As the regulations are …

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Miningmx broke the news in on Friday, February 21, 2025.
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