Sibanye (JSE: SGL & NYSE: SBGL - https://www.commodity-tv.net/c/mid,5428,Company_Updates/?v=297063) is pleased to report that it’s proposed US$2.2 billion acquisition of Stillwater Mining Company(“Stillwater”) was placed first in the Deal of the Year category at the prestigious Ansarada DealMakers annual gala awards ceremony last night, through a unanimous decision by the judges.
Neal Froneman commenting on the award said: “We are honoured to receive this award, which I believe recognises that the proposed acquisition of the US listed Stillwater is a transformative transaction at an opportune time in the commodity price cycle. The acquisition of Stillwater’s Tier 1 assets will transform Sibanye into a globally competitive South African mining champion. Sibanye means ‘We are one’ in isiXhosa and awards such as this and the ability to even consider transformational transactions of this nature, reflect the efforts and achievements of all Sibanye employees.”
For more information on the proposed transaction, please refer to the following link, www.sibanyegold.co.za/investors/transactions/stillwater-acquisition.
SVP Investor Relations
Sibanye Gold Limited
+27 83 453 4014
Sponsor: J.P. Morgan Equities South Africa Proprietary Limited