Sibanye-Stillwater, led by CEO Neal Froneman, faces a cyberattack causing limited disruption to global operations.
Sibanye-Stillwater
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The company under Neal Froneman has been undergoing significant restructuring to enhance sustainability and profitability.
- Southern Africa
South Africa’s Neal Froneman alerts Sibanye shareholders to potential U.S. mine shutdown
Froneman, CEO of Sibanye, warns shareholders about the potential U.S. mine shutdown, emphasizing the impact of operational challenges and rising costs.
- Hot News
Swiss bank places $130-million bet on mining group led by South African tycoon Neal Froneman
UBS’ renewed investment comes amidst recent market shifts and challenges within the mining sector.
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Swiss bank sells $11.8-million stake in South African tycoon Neal Froneman-led Sibanye-Stillwater
UBS disposed of R216.17 million ($11.8 million) in shares on Sept. 26, 2023, trimming its holding from 5.07 percent to 3.26 percent.
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JP Morgan invests $215 million in South African tycoon Neal Froneman-led Sibanye-Stillwater
JP Morgan’s investment signals confidence in Sibanye-Stillwater’s ability to weather financial challenges and highlights the growth potential of the mining sector.
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South African tycoon Neal Froneman-led Sibanye seeks debt covenant relief after profit plunges
Sibanye-Stillwater under Froneman faces a critical juncture, needing to navigate a series of impairments and potential covenant breaches to secure its financial …
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Sibanye-Stillwater stumbles under South African tycoon Neal Froneman with $132-million loss in 2023
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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South African tycoon Neal Froneman-led Sibanye considers cutting 4,000 jobs in major gold restructuring
Froneman underlines restructuring need to fortify balance sheet
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This surge in his fortune cements Froneman’s position as a key figure in South Africa’s mining sector.