Mining analysts last week raised local platinum and gold expansion opportunities for cash-flush precious metals mining company Sibanye-Stillwater, but Neal Froneman, the CEO of the superbly performing Johannesburg- and New York-listed company, expressed concern that South Africa’s current government environment is not conducive to investment. The two projects raised by the analysts were the company’s K4 platinum group metals (PGM) opportunity at Sibanye’s Marikana complex in North West province, and the company’s developmental-stage Burnstone gold mine and processing operation, located in the Witwatersrand Basin’s South Rand goldfield, next to the town of Balfour in Mpumalanga, 75 km east of Johannesburg. (Also listen to attached Creamer Media audio recording.)
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