Neal Froneman, CEO of Sibanye-Stillwater, has been appointed as the new Chair of the World Gold Council (WGC), taking over from Randy Smallwood of Wheaton Precious Metals (NYSE:WPM) Corp. The announcement was made on Wednesday. Froneman's leadership has been instrumental in transforming Sibanye-Stillwater into a global leader in the recycling and reprocessing of Platinum Group Metals.
The WGC board will also be joined by Niël Pretorius, CEO of DRDGold. Pretorius brings with him significant expertise in sustainable land use through mine retreatment. DRDGold, known for retreating mine dumps, holds a 50.1% stake in Sibanye.
Under the guidance of CEO David Tait and the Gold247 programme, the WGC aims to represent leading gold producers globally. The recent appointments underscore the Council's commitment to diversity, industry evolution, digitalisation, and promoting responsible gold mining practices that benefit host communities worldwide. The focus on recycling and tailings reprocessing aligns with the broader industry trend towards a circular economy.
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