Sibanye Gold: Competition Authorities Approve Acquisition of Rustenberg Operations

Sibanye Gold (NYSE:SBGL) reported that its acquisition of Rustenburg operations from Rustenburg Platinum mines has been approved by South African competition authorities.
As quoted in the press release:

Sibanye is pleased to announce that on 16 March 2016 the Transaction was approved by the Competition Authorities in accordance with the Competition Act. The approval is subject to certain conditions and qualifications which Sibanye and Rustenburg Platinum Mines Limited have confirmed are acceptable.
Shareholders are advised that the implementation of the Transaction is still subject to, amongst others, the fulfilment of the following key condition precedent:

• The granting of consent in terms of section 11 of the MPRDA for the sale of the Mining Right and the Prospecting Right to the Purchaser pursuant to the Transaction.

Sibanye shareholders will be advised in due course once the all outstanding conditions precedent to the Transaction have been fulfilled.

Click here for the full press release.