Neal Froneman’s Sibanye-Stillwater moves to implement responsible Gold Mining Principles

Johannesburg-based mining giant Sibanye-Stillwater has announced progress in its implementation of the World Gold Council’s Responsible Gold Mining Principles (RGMPs), Mining Weekly reported.

The RGMPs are a framework that sets out clear expectations for consumers, investors and the downstream gold supply chain as to what constitutes responsible gold mining.

The World Gold Council created the principles to address critical environmental, social and governance issues for the gold mining sector. Sibanye is developing policies, systems, processes and controls to ensure its conformance.

“Conformance with the principles will confirm that the gold produced by Sibanye meets the highest standards of responsible mining and is in line with our commitment to embed environmental, social and governance excellence in all aspects of our business,” Sibanye-Stillwater said in a statement. “We are on track to achieve full conformance to the RGMPs by September 2022.”

Sibanye-Stillwater is a South African mining company founded in 2012 with a diverse portfolio of platinum group metals. It is the world’s largest primary producer of platinum, second-largest primary producer of palladium and third-largest producer of gold.

Neal Froneman is the company’s founding CEO.

Sibanye-Stillwater has a dual listing on the Johannesburg and New York stock exchange. It is one of South Africa’s few gold miners with global operations. Its Driefontein mine was once Africa’s biggest gold mine. It now stretches four kilometers (2.5 miles) underground.