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Maroc Maroc - Daily Maverick - A La Une - 12/Sep 19:16

MINING: Sibanye puts Montana mine on care and maintenance — H1 earnings sink, shares soar as rights issue ‘muted’

Sibanye’s Stillwater West mine in Montana will be put on care and maintenance to prevent it from chowing cash. The company made the announcement as it unveiled an interim loss of R7.1bn. But its share price soared as CEO Neal Froneman made it clear that a rights issue is off the table. And Vladimir Putin unexpectedly helped its share price as well.

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