South African tycoon Neal Froneman loses $2.1 million in 19 days
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
Froneman holds a minority 0.3-percent stake in Sibanye-Stillwater, equivalent to 8,382,849 ordinary shares.
Froneman, a highly respected executive within the mining industry, has played a pivotal role in the transformation of Sibanye-Stillwater.
Froneman emphasized that the partnership would materialize once negotiations concluded satisfactorily.
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
As the CEO of Sibanye Stillwater, Froneman has cemented his position as a leading figure in the mining sector.
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
Froneman announced the company’s shift in focus during his speech at the London Indaba conference earlier this week.
Froneman confirmed the company’s interest in acquiring Mopani, expressing a long-term investment outlook.
Froneman leads Sibanye-Stillwater to a green milestone, secures wind energy deal for carbon neutrality by 2040.
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Sibanye-Stillwater is a multinational precious metal mining company.
Froneman’s stake in Sibanye-Stillwater is presently worth $4.28 million.
Froneman holds a 0.074-percent ownership stake in Sibanye-Stillwater.
Froneman holds a 0.074-percent stake in the precious metal mining group.