• 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
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks

    Sibanye Gold Says Volkswagen's Troubles Won't Demolish Platinum Prices

    Teresa Matich
    Oct. 08, 2015 10:09AM PST
    Precious Metals

    Sibanye Gold (NYSE:SBGL) has stated that the recent Volkswagen diesel emissions scandal won’t hurt platinum prices as much as many are expecting, Mining Weekly reported. Sibanye recently bought Anglo American Platinum’s (JSE:AMS) Rustenburg operations in South Africa, and has also acquired Aquarius Platinum (LSE:AQP).

    Sibanye Gold (NYSE:SBGL) has stated that the recent Volkswagen diesel emissions scandal won’t hurt platinum prices as much as many are expecting, Mining Weekly reported. Sibanye recently bought Anglo American Platinum’s (JSE:AMS) Rustenburg operations in South Africa, and has also acquired Aquarius Platinum (LSE:AQP).
    As quoted in the publication:

    In the view of Sibanye Platinum CFO Justin Froneman, the key issue to unpack is whether or not the VW emissions scandal will result in a consumer backlash.
    “You are seeing some numbers coming through that support a consumer backlash but we don’t think it has long legs,” Froneman told Creamer Media’s Mining Weekly Online during question time at the analyst and media conference Sibanye called on Tuesday to announce its planned acquisition of the Sydney-, London- and Johannesburg-listed Aquarius Platinum.
    Froneman’s rationale is that the VW debacle looks like probably being a US issue only and one centring on nitrogen oxide (NOx) rather than on carbon dioxide (CO2), caused by VW skimping on the trapping of NOx, a leading cause of smog and acid rain, which can be captured by a catalytic converter, as has been standard equipment on most gasoline cars for decades.

    Click here for the full Mining Weekly article.

    anglo american platinumnyse:sbgl
    The Conversation (0)

    Go Deeper

    AI Powered

    Platinum Miner Strike Points To Undersupply

    Platinum’s Precarious Supply Pushing Prices Higher

    Latest News

    Outlook Reports

    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
    ×