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Proposed Stillwater acquisition nets Sibanye ‘deal of the year’ award

16th February 2017

By: Anine Kilian

Contributing Editor Online

     

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JOHANNESBURG (miningweekly.com) – Precious metals miner Sibanye’s proposed R30-billion acquisition of US-based platinum group metals (PGMs) producer Stillwater Mining Company has won Ansarada DealMakers’ Deal of the Year award.

“We are honoured to receive this award, which I believe recognises that the proposed acquisition of US-listed Stillwater is a transformative transaction at an opportune time in the commodity price cycle,” CEO Neal Froneman said.

Sibanye in December announced plans to buy the US-based mining company.

At the time, it said the deal would enable it to create a global precious metals mining company with a balanced portfolio of gold and PGM assets.

Stillwater is the only US miner of PGMs and the largest primary PGMs producer outside of South Africa and the Russian Federation.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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