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Home>GoldWire>South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 billion in latest platinum push

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South Africa's Sibanye Gold to buy Stillwater Mining for $2.2 billion in latest platinum push

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Chris Powell

GATA

Published : December 10th, 2016

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FOLLOW : Billion Georgia Gold Palladium Platinum South Africa Vote

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Category : GoldWire


	JOHANNESBURG -- South Africa's Sibanye Gold Ltd. said today it plans to buy U.S. palladium and platinum miner Stillwater Mining Co. for $2.2 billion, the company's first foray outside of southern Africa and the latest bold move to diversify beyond gold mining. The purchase is Sibanye's third platinum acquisition since late 2015 and would make the company, which until last year was solely a gold miner, the world's third largest platinum producer. The move is a vote of confidence in platinum in addition to a strategic diversification away from the often difficult operating environment in South Africa. ... ... For the remainder of the report: http://www.wsj.com/articles/south-africas-sib...y-stillwater...

Data and Statistics for these countries : Georgia | South Africa | All

Gold and Silver Prices for these countries : Georgia | South Africa | All

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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