'Gold Fields or AngloGold merger is off the table' - Sibanye-Stillwater CEO Neal Froneman

Loading player...
Chief executive of diversified miner Sibanye-Stillwater, Neal Froneman joined the BizNews team on a day where one of the world's largest precious metals producers announced record financials. Froneman notes that although the robust commodity prices were a tailwind for the business, operationally performance was excellent. There has been much speculation around the renown deal-maker looking to merge with the likes of Gold Fields or AngloGold, creating a mining behemoth that could compete with international peers such as Barrick Gold or Rio Tinto. Froneman says this is off the table and Sibanye will rather try to accelerate its move to commodities that will benefit from the shift to a clean energy economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
27 Aug 2021 5AM English South Africa Investing · Business News

Other recent episodes

Dr Kelvin Kemm: How “secure” is SA’s enriched uranium?

There are growing fears that nuclear weapons could be used in the Iran war. That has brought renewed focus on that 2007 attempted armed robbery at South Africa's nuclear research site, Pelindaba, and the “security” of the country’s large, high-quality enriched uranium stock. Chris Steyn asks Dr. Kelvin Kemm, a…
23 Mar 10AM 21 min

Helen Zille at BNC#8: “Johannesburg is collapsing like Rome” — a do-or-die warning for South Africa

Helen Zille delivered a hard-hitting BNC#8 address, drawing stark parallels between ancient Rome’s collapse and Johannesburg’s deepening crisis. She warns of failing infrastructure, entrenched corruption, and political fragmentation, arguing that only decisive governance and voter action can reverse decline. Her message is clear: Johannesburg stands at a do-or-die moment, and…
23 Mar 6AM 28 min