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Sibanye Gold Considering Purchase of South Africa Platinum Mines After Strike
Apr. 07, 2014 09:25AM PST
Precious Metals InvestingBloomberg reported that Sibanye Gold (NYSE:SBGL) is open to purchasing platinum mines after wage strikes end in South Africa.
Bloomberg reported that Sibanye Gold (NYSE:SBGL) is open to purchasing platinum mines after wage strikes end in South Africa.
As quoted in the publication:
Anglo American Platinum Ltd. (AMS), Impala Platinum Holdings Ltd. and Lonmin Plc (LMI), the world’s three biggest producers of the metal, have said they may be forced to close shafts or sell assets in South Africa as a result of a strike that has entered its 11th week. Sibanye has been the country’s best-performing gold miner this year after it cut costs and negotiated a pay deal with unions.