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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.”
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.