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Das grenzt ja schon an Sabotage von Seiten des Management.
Sibanye ist eh der letzte Bauchladen, alles ein bischen, nix richtig. ; )
“It’s still early days in terms of how Anglo sees the process unfolding. We are just getting an idea of what it looks like so it is planned and structured,” Miller said. “I take comfort from the fact Anglo did the demerger well with Thungela [Resources] which was successful demerger and listing for them,” said Miller.
Completed in 2021, shares in Thungela more than doubled in its first year of listing helped by much higher coal prices amid Russia’s invasion of Ukraine.
Miller acknowledged the PGM market is not in the same place as thermal coal was when Thungela listed, but he said Amplats’ R10bn cost out and capital reduction programme, announced in December, would position the company even if PGM prices were unchanged from today’s levels.
SIBANYE-Stillwater has won some breathing space for its under pressure balance sheet after agreeing with lenders to raise thresholds over R6.5bn in company debt.
Froneman is expected to announce additional measures to each pressure on the balance sheet including the upfront sale of metal by-credits with a royalty or streaming company. “We have previously stated our intentions to uplift our debt covenants along with pre-emptively evaluating various non-debt capital instruments such as pre-pays and streams,” he said today.
