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Sibanye Stillwater says AngloGold and Gold Fields fit its acquisition strategy
By Felix Njini
Blooomberg News
via Yanoo News
Monday, March 8, 2021
Sibanye Stillwater Ltd. said Johannesburg-based gold miners AngloGold Ashanti Ltd. and Gold Fields Ltd. would both fit with the company's acquisition strategy.
"They fit into the category of gold producers we have publicly been saying we are looking at," said James Wellsted, a spokesman for Sibanye. He declined to say whether Sibanye was preparing to make an offer for either company.
.... Dispatch continues below ....
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Combining with AngloGold and Gold Fields would create a rival to the world's largest producers, Newmont Corp. and Barrick Gold Corp., Sibanye Chief Executive Officer Neal Froneman told Johannesburg-based Business Day today. The veteran dealmaker has acquired platinum and palladium assets since Sibanye was formed by spinning off Gold Fields' oldest South African mines in 2013. In January, Froneman said he would like to double the size of Sibanye before he retires in two to three years. ...
... For the remainder of the report:
https://finance.yahoo.com/news/sibanye-says-anglogold-gold-fields-090701...
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