The $132.1-million loss stemmed from writedowns on subsidiary investments totaling $2.27 billion under Froneman, reflecting lower prices for platinum, palladium, and rhodium.
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Speaking at the group’s annual results presentation, Froneman stressed that such an offer would be a last resort measure.
- Southern Africa
South African executive Richard Stewart earns $3.1-million salary from Sibanye-Stillwater
Stewart transitioned to the role of chief regional officer in May 2022 after serving as the group’s COO from December 2020 to …
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Froneman, a highly respected executive within the mining industry, has played a pivotal role in the transformation of Sibanye-Stillwater.
- Hot News
South African tycoon Neal Froneman takes $6.7-million hit as Sibanye-Stillwater shares tumble
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
- Southern Africa
South African tycoon Neal Froneman’s Sibanye-Stillwater shifts focus to lithium projects
Froneman announced the company’s shift in focus during his speech at the London Indaba conference earlier this week.
- Southern Africa
South African tycoon Neal Froneman’s Sibanye-Stillwater among potential buyers for Zambia’s Mopani Copper Mines
Froneman confirmed the company’s interest in acquiring Mopani, expressing a long-term investment outlook.
- Southern Africa
Neal Froneman’s Sibanye-Stillwater charts path with management overhaul at New Century
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
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Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
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Sibanye-Stillwater is a multinational precious metal mining company.
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