South African mogul Neal Froneman’s Sibanye-Stillwater approves new fund to drive R&D
Froneman owns a 0.074-percent stake in the company worth more than $10 million.
Froneman owns a 0.074-percent stake in the company worth more than $10 million.
Sibanye-Stillwater is a multinational precious metal mining company.
The Froneman-led mining group will take full ownership of the low-cost, mechanized Kroondal operation
Sibanye-Stillwater is the world’s largest primary producer of platinum.
The royalties will collectively cover the entire Limpopo PGM Project, operated by Sibanye-Stillwater.
Sibanye-Stillwater is the world’s largest primary producer of platinum, second-largest producer of palladium and third largest producer of gold.
The World Gold Council created the principles to address critical environmental, social and governance issues.
ioneer’s project in Nevada is the largest known lithium and boron deposit in North America.
This follows Sibanye’s purchase of a 30-percent stake in the Finnish lithium hydroxide project Keliber in February.
As of press time, its shares were trading 7.17-percent lower than its opening price for the day.
The closure will most probably occur due to low returns as it becomes harder to exploit aging assets in the country.
CEO Neal Froneman said the move demonstrates that the company will not waste money on mergers and acquisitions.
The Sibanye-Stillwater CEO took issue with South Africa’s sluggish stance on attaining carbon neutrality.
A leading South Africa-based miner has partnered with Johnson Matthey to develop solutions to promote a low carbon future.