‘I think we are underweight in gold,’ says Sibanye CEO Neal Froneman
Once Sibanye-Stillwater resumes dividend payments and trims its debt load, it will be in a position to boost focus on M&A, Froneman says
24 February 2020 - 17:33
Sibanye-Stillwater, the world’s top platinum miner, may consider targeting a future acquisition worth as much as $5bn (about R75.8bn) to expand its gold portfolio, potentially in North America.
Once the Johannesburg-based producer resumes dividend payments and trims its debt load, it would be in a position to accelerate its focus on M&A, CEO Neal Froneman said in an interview, adding that the company is also weighing a switch in its primary listing to the US...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.