Sibanye on track to pay dividends in 2020
Platinum miner’s increase in profit gives it room to reduce debt and perhaps make shareholders happy
31 October 2019 - 10:22
UPDATED 31 October 2019 - 19:11
Sibanye-Stillwater, the world’s biggest platinum producer, once again flagged a return to paying dividends in 2020 as high metal prices led to a more than trebling of profit, allowing for the aggressive reduction in net debt in the September quarter.
Sibanye, which was carrying high levels of debt after its $2.2bn cash purchase of palladium and platinum miner Stillwater in the US, was able to tackle its balance sheet issues during the quarter to end-September...
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