Sibanye-Stillwater Gold eyes US listing

File: Sibanye-Stillwater Gold wants to move its listing abroad. Photo: Reuters / Siphiwe Sibeko / File Photo

JOHANNESBURG - Sibanye Gold will be looking to transfer its primary listing from the Johannesburg Stock Exchange to North America.

The company, which recently bought US-based Stillwater Mining, says this move, although not immediate, would make it more competitive globally.

On Wednesday, two miners died after being trapped underground at Sibanye's Kloof gold mine on the West Rand.

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Sibanye has no plans to scale down its local operations, but says the small size of the South African mining industry and concerns about changes in the mining charter, make it difficult to grow the company.

The company is in the process of acquiring platinum producer Lonmin.

 

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