Sibanye Gold faces competition from two rivals if it wants to buy South African gold mining assets that AngloGold Ashanti plans to sell.
Sibanye, headed by South Africa’s prolific mining deal-maker, Neal Froneman, would be interested in purchasing AngloGold’s remaining mine in the country. But he’d likely face a challenge from other producers, notably Harmony Gold Mining and Chinese-backed Heaven-Sent SA Sunshine Investment, according to Bernard Swanepoel, a former chief of Harmony.