Sibanye, under South African mogul Neal Froneman, loses over half its value in 2023
South African multinational precious metal mining group, under the leadership of CEO Neal Froneman, has witnessed a dramatic decline in its share value.
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South African multinational precious metal mining group, under the leadership of CEO Neal Froneman, has witnessed a dramatic decline in its share value.
Sibanye-Stillwater has grown into a leader in the mining industry under the leadership of South African businessman Neal Froneman.
The double-digit slump in the shares of Sibanye-Stillwater has significantly impacted the market value of Froneman’s stake.
Froneman holds a minority 0.3-percent stake in Sibanye-Stillwater, equivalent to 8,382,849 ordinary shares.
Froneman, a highly respected executive within the mining industry, has played a pivotal role in the transformation of Sibanye-Stillwater.
Froneman emphasized that the partnership would materialize once negotiations concluded satisfactorily.
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
As the CEO of Sibanye Stillwater, Froneman has cemented his position as a leading figure in the mining sector.
Froneman owns a 0.3-percent stake, or 8,382,849 ordinary shares, in the precious metal mining group.
Froneman announced the company’s shift in focus during his speech at the London Indaba conference earlier this week.
Froneman confirmed the company’s interest in acquiring Mopani, expressing a long-term investment outlook.
Froneman leads Sibanye-Stillwater to a green milestone, secures wind energy deal for carbon neutrality by 2040.
This comes after the Froneman-led group announced emergency funding of up to $20.1 million for New Century.
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Sibanye-Stillwater is a multinational precious metal mining company.
Froneman’s stake in Sibanye-Stillwater is presently worth $4.28 million.