Is Another Gold Mega-Merger Brewing?
The gold industry has seen some of the biggest mergers in history in the past two to three years, but there might be more brewing.
In an interview with the Johannesburg, South Africa, daily publication Business Day, Sibanye Stillwater's (NYSE: SBSW) CEO Neal Froneman suggested gold miners AngloGold Ashanti (NYSE: AU) and Gold Fields (NYSE: GFI) should combine with Sibanye to create one of the world's largest gold mining companies. All three companies are headquartered in South Africa.
Froneman believes such a mega-merger would not only help strengthen South Africa's gold industry, but also create a gold behemoth that could compete with the world's two largest gold mining companies, Newmont (NYSE: NEM) and Barrick Gold (NYSE: GOLD).
Source Fool.com
