Sibanye to use caution in platinum strategy

[] – SIBANYE Gold would be cautious before investing in platinum production, said BDLive citing the gold firm’s CEO, Neal Froneman.

“We are not desperate to get into platinum,” said Froneman. “If it doesn’t happen we still have a good business. We will not make stupid decisions.”

Froneman added that the platinum sector was “ripe for consolidation” and that the company had spoken to a number of platinum firms expressing its interest in buying assets they may not want.

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