Neal Froneman, CEO, Sibanye-Stillwater SIBANYE -Stillwater is considering plans to convert its ageing Beatrix West gold operations in South Africa’s Free State province into a uranium mine as part of a strategy to build meaningful production of the fuel.
Commenting in the precious metal firm’s financial results ended June 30 announcement today, in which it unveiled a R8.4bn interim dividend, Sibanye-Stillwater CEO, Neal Froneman said unlocking “latent value” by building uranium production would complement the firm’s green metals strategy.
“Beatrix West has substantial uranium resources and has potential to be converted into a uranium mine that is already largely developed as the mature gold resources deplete or become unviable,” he said. Another option would be to re-mine uranium tailings from the Cooke resource west of Johannesburg, a former gold mine, “… in a constructive price environment with interest in uranium as a clean energy source increasing globally,” he said.
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