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Sibanye-Stillwater, led by Neal Froneman, acquires U.S.-based Metallix for $82 million, boosting its circular economy strategy and U.S. metals footprint.
The transaction was executed through his investment company, Ntsimbintle Holdings, in partnership with Singapore-based OM Holdings.
This surge in his fortune cements Froneman’s position as a key figure in South Africa’s mining sector.
Despite grappling with this recent financial setback, Froneman remains a pivotal figure within South Africa’s mining industry.
Neal Froneman is currently driving the expansion and diversification of Sibanye-Stillwater’s asset portfolio.
Froneman owns a 0.074-percent stake in Sibanye-Stillwater.