Froneman shows off Sibanye in US as Stillwater deal advances

Sibanye CEO Neal Froneman on Monday showed off the low-cost performance of this gold and platinum-mining company to a top-level audience in America at a time when the South African company’s proposed acquisition of Stillwater Mining Company of the US is edging forward. In an address to the BMO Metals and Mining Conference in Miami, Froneman graphically illustrated the company’s low-cost performance in rands and dollars as well as its low-debt position, multibillion dollar market capitalisation and blue-chip shareholding.