SA producers of most of the world’s platinum group metals are unlikely to invest heavily in new projects due to the unfavourable investment environment in the country and tough lessons learnt from the past, says Sibanye-Stillwater CEO Neal Froneman.
Prices for PGMs are racing ahead in a global surge of commodity prices including iron ore and copper, but “lack of an investor-friendly environment” will discourage producers of the six metals making up PGMs from committing to major new projects, despite more than a decade of underspending on mines, Froneman said. ..
No they are not lying fallow. We are just tired of giving it away for free and not benefiting blacks. We tired of making white man rich. We all want fair share. Great government in making
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SA could do so much more with mineral investment, says Neal FronemanSA has great opportunities in its mineral industry that are lying fallow because of the risky investment environment, the Sibanye CEO says 🔒 This is heartbreaking 💔 C'mon South Africa, get your act together!
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