Sibanye less keen on hunt for assets

28 August 2016 - 02:00
By LUTHO MTONGANA

Even with half-year results once again not disappointing,with a 5% increase in gold production and a six-fold rise in earnings, Sibanye CEO Neal Froneman said he did not think the results were "great" and that it "could have done better". Although Sibanye was still searching for businesses to buy in the platinum sector, Froneman said the landscape had changed since the start of the year, with little to no assets offering good value, in terms of cost and production, up for sale.

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