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.