Platinum Opportunities Not Meeting Criteria, Sibanye Gold

According to Mining Weekly, Sibanye Gold (JSE:SGL) has already decided to abandon a number of platinum opportunities despite earlier stating its interest in the sector. CEO Neal Froneman said those projects “did not meet the required investment criteria.”

As quoted in the publication:

Froneman told the Denver Gold Show in the US that entry into the platinum industry did not qualify as a strategic necessity and platinum assets would only be value enhancing if their acquisition prices were appropriate.

However, the evaluation of a few remaining platinum opportunities would continue into 2015.

Click here to read the full Mining Weekly article.