South African state-owned asset management company Public Investment Corporation (PIC) has increased its stake in Sibanye-Stillwater to more than 20%, solidifying its position as the mining company's largest shareholder. The Johannesburg-based mining group announced PIC's acquisition of an additional 2.35% in equity, increasing its total holding to 20.42%. PIC, with more than R3ttn ($155.6m) in assets under management as of September 2025, has been investing in South Africa's resource sector. Last week, ...