• JSE:SSW

    R52.98 +1.44%

  • NYSE:SBSW

    US$13.15 0.00%

  • GOLD:US$/oz

    US$1,783 -1.49%

  • GOLD:ZAR/kg

    R879,362 -0.03%

  • PLATINUM:US$/oz

    US$956 +0.15%

  • PALLADIUM:US$/oz

    US$2,377+1.28%

  • RHODIUM:US$/oz

    US$16,1000.00%

  • ZAR:US$

    R15.34 +1.44%

  • Last updated

    3:19pm on Nov 27, 2020

Competition authorities approve acquisition of the Rustenburg Operations

Sibanye shareholders are referred to the announcement released on 18 January 2016 confirming that shareholders had approved the acquisition of the Bathopele, Siphumelele (incl. Khomanani), and Thembelani (incl. Khuseleka) mining operations, two concentrating plants, an onsite chrome recovery plant, the Western Limb Tailings Retreatment Plant, associated surface infrastructure and related assets and liabilities on a going concern basis including normalised levels of working capital (“the Rustenburg Operations”) from Rustenburg Platinum Mines Limited (“the Transaction”).

Sibanye is pleased to announce that on 16 March 2016 the Transaction was approved by the Competition Authorities in accordance with the Competition Act. The approval is subject to certain conditions and qualifications which Sibanye and Rustenburg Platinum Mines Limited have confirmed are acceptable.

Shareholders are advised that the implementation of the Transaction is still subject to, amongst others, the fulfilment of the following key condition precedent:

  • The granting of consent in terms of section 11 of the MPRDA for the sale of the Mining Right and the Prospecting Right to the Purchaser pursuant to the Transaction.

Sibanye shareholders will be advised in due course once the all outstanding conditions precedent to the Transaction have been fulfilled.

17 March 2016 Libanon

Contact

James Wellsted Sibanye Gold Limited +27 83 453 4014 james.wellsted@sibanyegold.co.za

Explore More

Integrated Report 2019

Our 2019 reports cover our progress and achievements in delivering on our strategic objectives.

Read More

Innovation and technology

We invest in digitisation and innovative technologies to make the future of mining safer, more efficient and more sustainable.

Read More

Economic impact

We are focused on creating value for all of our stakeholders including driving economic growth wherever we operate.

Read More