Sibanye-Stillwater has announced it will be investing in three new projects worth close to R7-billion. Courtesy #DStv403
JOHANNESBURG - Sibanye-Stillwater has announced it will be investing in three new projects worth close to R7-billion.
CEO Neal Froneman has previously said that he sees no reason to invest and expand in SA given its policy uncertainty and erratic power supply.
On Thursday, he announced the company is set to create 7,000 jobs.
The projects include finishing the K4 mine it bought from Lonmin and re-equipping the Burnstone gold mine in Mpumalanga.
Froneman says these high-yielding projects are examples of what can be produced on a larger scale if the power supply and investor rights are more certain in South Africa.