The Conversation (0)
In an interview with Mining Weekly, Neal Froneman, CEO of Sibanye Gold Ltd. (NYSE:SBGL), said that illegal gold mining has become such an issue in South Africa that it might be a good idea to let the South African National Defence Force handle it.
In an interview with Mining Weekly, Neal Froneman, CEO of Sibanye Gold Ltd. (NYSE:SBGL), said that illegal gold mining has become such an issue in South Africa that it might be a good idea to let the South African National Defence Force handle it.
As quoted in the market news:
‘It’s literally war,’ said the highly regarded head of the JSE- and NYSE-listed Sibanye.
‘It’s at a level where I don’t think it would be inappropriate to bring in the SANDF. It’s way out of control,’ he said, recounting incidents of 150-plus illegal miners attacking plants.
Sibanye was having to spend R300-million on security, made up of former high-ranking Hawks.
The South African Police Services was unable to help because of their lack capacity to go underground.