Sibanye-Stillwater should merge with peers Gold Fields and AngloGold Ashanti to create a gold mining leader which would beat Newmont to the top spot, the miner’s CEO Neal Froneman told South African newspaper Business Day on Monday.
Sibanye, the world’s biggest platinum producer, also produces gold from three mines in South Africa, and has a majority stake in gold miner DRDGOLD. Sibanye’s own mines produced 809,877 ounces of gold in 2020.
“We’ve been saying for some time that we’ve been looking to expand our gold portfolio internationally,” said Sibanye-Stillwater spokesman James Wellsted.
Read more at Reuters
