Sibanye Gold CEO Neal Froneman is considering moving the South African miner’s primary listing to New York from 2021, after he curbs the company’s debt.
The surge in palladium and rhodium prices has put Sibanye on track to meet its debt-to-earnings target by the end of 2020, Froneman said in an interview at Bloomberg’s office in Johannesburg on Friday. While the rally has strengthened South Africa’s platinum industry, power and water shortages, rising crime and onerous regulations are deterring investment, the CEO said.