Sibanye-Stillwater eyes international prospects, new listings

CAPE TOWN – Sibanye-Stillwater which last year announced its plans to acquire Lonmin has bigger plans to compete internationally, and is considering listing on other stocks exchanges in future, that is according to CEO Neal Froneman.

Froneman said this while speaking at a corporate briefing on the company at the 2018 African Mining Indaba on Tuesday.

He also explained that the company was looking to keep its competitive edge by considering other commodities. “The PGM sector in South Africa was an area that could do with consolidation,” Froneman said.

“Diversification has been beneficial to us and part of the reason to move into the PGM sector,” he added.

While conducting his address, Froneman also added that Sibanye-Stillwater has moved into the “senior league of precious metals producers.”Going forward the company will focus on completing the Lonmin transaction and its integration.

Photo Credits – Mining Global

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