Sibanye Gold Ltd.

Sibanye announces that the acquisition of the Rustenburg operations is now unconditional

Share article on

Sibanye announces that the acquisition of the Rustenburg operations is now unconditional

Westonaria, 19 October 2016: Sibanye -,2697,Company_Presentation/?v=296429 - is pleased to announce that the acquisition (the “Transaction”), by Sibanye Rustenburg Platinum Mines Proprietary Limited (“SRPM”) from Rustenburg Platinum Mines Limited (“RPM”), of the Bathopele, Siphumelele (incl. Khomanani), and Thembelani (incl. Khuseleka) mining operations, two concentrating plants, an on-site 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”), is now unconditional. This follows amongst other things, the granting of consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act, 2002 for the sale by RPM of the Mining Right and the Prospecting Right to SRPM.

As a result, the effective date of the implementation of the Transaction will be 1 November 2016, when Sibanye will take over ownership, control and management of the Rustenburg Operations. 

Sibanye will further update the market upon implementation of the Transaction.

“We welcome the receipt of the Section 11 consent from the Department of Mineral Resources, which is the last regulatory condition outstanding. We look forward to now incorporating the Rustenburg Operations into our Platinum Division, which will allow us to realise cost savings across the Group and operational synergies to create a sustainable Platinum Division and to unlock value for the benefit of all stakeholders.  This Transaction is consistent with Sibanye’s strategy to grow its business in order to sustain its position as an industry leading dividend paying company”, Sibanye’s CEO Neal Froneman commented.

For reference, Sibanye shareholders are referred to the announcement released on 9 September 2015 announcing the agreement of the Transaction; the announcement released on 18 January 2016 confirming that Sibanye shareholders had approved the acquisition of the Rustenburg Operations; and the announcement released on 17 March 2016 confirming that the Transaction was approved by the Competition Authorities in accordance with the Competition Act.


Corporate Advisor: Qinisele Resources Proprietary Limited
Financial Advisor: HSBC Bank plc
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited
South African Legal Advisor: ENSAfrica
US Legal Advisor: Linklaters LLP




James Wellsted
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
In Europe:
Swiss Resource Capital AG
Jochen Staiger

New Videos Sibanye Gold Ltd.

Chartbook “In Gold we Trust 2017“ by Ronald Stöferle & Mark Valek

In Gold we trust 2017 Chartbook is the ulitmative booklet with 60 charts why gold is hot!

Ascendant Resources Inc. , Alabama Graphite Corp. , Altona Mining Ltd. , Birimian Ltd. , Caledonia Mining Corp. , Endeavour Silver Corp. , GoldMining Inc. , Klondex Mines Ltd. , MAG Silver Corp. , Osisko Gold Royalties Ltd. , Pershing Gold Corp. , Rye Patch Gold Corp. , Sibanye Gold Ltd. , Sierra Metals Inc. , TerraX Minerals Inc. , Treasury Metals Inc. , US Gold Corp.

Ascendant Resources Provides Third Quarter and September Production Update

  • Milled production for Q3 increased by 17% against Q2 2017 averaging 1,934 tpd; September milled production increased by 8% versus August 2017...
Ascendant Resources Inc.

Effective integration of Sibanye-Stillwater’s SA PGM operations prevents anticipated closures

Sibanye-Stillwater is now pleased to advise that as a result of the realisation of substantial synergies, post the successful integration of...

Sibanye Gold Ltd.