• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gold Market
    Gold News
    Gold Stocks
    • Gold Market
    • Gold News
    • Gold Stocks

    Sibanye CEO Slams Illegal South African Gold Mining

    Charlotte McLeod
    Feb. 21, 2014 11:56AM PST
    Gold Investing

    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.

    Click here to read the full Mining Weekly report. 

    nyse:sbgl
    The Conversation (0)

    Go Deeper

    AI Powered
    Orange pushpin on a map marking Indonesia.

    China-Linked Gold Syndicates Driving Toxic Mining Boom in Indonesia: Report

    Sibanye Stillwater

    Latest News

    Outlook Reports world

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES