COMPANY COMMENT: And in the platinum corner… sassy Sibanye
Sibanye has easily been the most dynamic of mining companies recently when it comes to transactions
If the mining sector was likened to a boxing match, the announcer would present Sibanye-Stillwater CEO as Neal "The Hoover" Froneman, with his voracious appetite for deals. Sibanye has easily been the most dynamic of mining companies recently when it comes to transactions, ingesting Aquarius Platinum, the Rustenburg mines owned by Anglo American Platinum and the whole of the US’s Stillwater Mining.One hundred percent of shareholders voted in support of the adoption of 2016 financial statements at Steinhoff’s annual general meeting in March 2017. On Wednesday, the group announced the 2016 consolidated financial statements would need to be restated and could no longer be relied on. The decision to restate the 2016 results could be just the beginning of things as it was "based on the information that has been made available and analysed to date". Benguela Global Fund Managers is the latest to demand some significant moves aimed at injecting some vigour into Steinhoff’s corporate govern...
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