Deals
Sibanye to Consider American Listing Along With More Deals
- Miner may look at New York or Toronto for primary listing
- External growth options in South Africa are limited, CEO says
Photographer: Akos Stiller/Bloomberg
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Sibanye Gold Ltd. will consider moving its primary listing to North America from Johannesburg to allow the miner to tap capital in that market and help fund future deals.
The company’s focus for now is on reducing debt following the $2.2 billion acquisition of U.S.-based Stillwater Mining Co., ensuring operations perform well and “bedding down” the proposed takeover of Lonmin Plc later this year, Chief Executive Officer Neal Froneman said in an interview Tuesday.