Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles
The World Gold Council created the principles to address critical environmental, social and governance issues.
The World Gold Council created the principles to address critical environmental, social and governance issues.
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.