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Sibanye reduces debt

26th March 2013

By: Creamer Media Reporter

  

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JOHANNESBURG (miningweekly.com) – JSE- and NYSE-listed Sibanye Gold has redeemed R570-million of its bridge loan facilities from cash generated during the first quarter of 2013.

Its gross debt had been reduced to R4-billion and its net debt to R3.6-billion.

Sibanye's share price on the JSE was trading at R12.85 a share at 16:30, up 2.96% on Monday's close of R12.48.

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Edited by Creamer Media Reporter

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