Sibanye buys 3 platinum mines for US$330m
South Africa operations were paralysed by a 5-month strike in 2014
Johannesburg
CRIPPLING labour strikes, geriatric mines and precious metals prices scraping along at their lowest levels in half a decade don't faze Neal Froneman, head of the world's best-performing gold producer over the past two years.
Mr Froneman, known in the industry as "Mr Fixit", defied investors' scepticism to build up Sibanye Gold Ltd from a spin-off of three old, strike-prone South African mines owned by Gold Fields Ltd.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Oil ends slightly firmer after US crude stock draw, firmer dollar
World’s biggest tea buyer Lipton’s sale of last farms is a strategy shift
Insurance firms deny Chevron’s US$57 million claim for Iran oil seizure
China's approves first gene-edited wheat in step to open up GM tech to food crops
Shell to sell Singapore oil refinery, chemicals assets to Glencore joint venture
Gold prices hold ground as traders eye US Fed cues