Deals
Sibanye Eyes Gold, Platinum Purchases in 2016 as Stock Soars
- CEO Neal Froneman targets low-cost assets to boost dividend
- Company also looking at entering base metals, bulk commodities
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Sibanye Gold Ltd., the biggest producer of the metal from South African mines, wants to buy gold and platinum assets this year as it seeks to capitalize on its rising earnings and share price, Chief Executive Officer Neal Froneman said.
“We want to consolidate our position in the gold sector and the platinum sector,” he said in an interview at Bloomberg’s offices in Johannesburg on Thursday. “This year we could do a material gold and platinum transaction. That’s going to be our aim.”