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Sibanye Gold to Lock Down Coal for its Own Power
Sep. 17, 2015 04:56PM PST
Industrial Metals InvestingMining Weekly reported that Sibanye Gold has signed on with the Waterberg Coal Company with a view to generate its own power in South Africa.
Mining Weekly reported that Sibanye Gold has signed on with the Waterberg Coal Company with a view to generate its own power in South Africa.
As quoted in the publication:
Sibanye, headed by Neal Froneman, is to inject A$8.5-million of working capital into the cash-constrained Waterberg Coal Company to develop its multiproduct Waterberg coal project, that will provide coal to advance Sibanye’s independent power producer (IPP) plans.