Mining company Sibanye Gold is forecasting a capital expenditure of R3.9-billion ($250-million) on its gold assets in its 2016 financial year.
Sibanye CEO Neal Froneman told the European Gold Forum in Zurich on Wednesday that capital investment of R1.6-billion ($115-million) had been approved for below ground infrastructure projects at the Kloof and Driefontein gold mines on the West Wits, and R1.7-billion ($120-million) for development of the new Burnstone gold mine on the South Rand.
