Everyone loves a good merger. Bankers, lawyers, hedge funds and shareholders are typically giddy at the prospect of a big deal. Perhaps the only people who don’t like this romantic idea are the executives, who often find themselves out of a job afterwards.

And while merger & acquisition (M&A) gossip is nothing new in gold mining circles, a suggestion by Sibanye-Stillwater CEO Neal Froneman that SA should create its own "gold mining champion" has thrown the cat among the pigeons...

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