Sibanye in talks on lending covenants

Sibanye Stillwater said it’s talking to lenders about temporarily raising covenants.

Last year, Sibanye joined rivals Anglo American Platinum and Impala Platinum in reporting a dramatic slump in earnings as prices for platinum, palladium and rhodium tumbled.

With that trend continuing into the first quarter, the company is looking at prepayment deals to shore up its cash position. –