Sibanye Gold preparing to spend upped R3.9bn capex

Precious metals mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion this year, an increase of more than R400-million on 2015. Sibanye CEO Neal Froneman told the BMO mining conference on Monday that the company was engaging in capital investment that was extending the life of the company’s gold and uranium division, which has been joined by the platinum division and the new coal and energy division headed by executive VP John Wallington. (Also watch attached Creamer Media video).