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Mineweb reported that Sibanye Gold (NYSE:SBGL), is planning to acquire Aquarius Platinum (LON:AQP). The announcement comes not long after Sibanye announced it would acquire Anglo American Platinum’s (JSE:AMS) Rustenburg operations.
Mineweb reported that Sibanye Gold (NYSE:SBGL), is planning to acquire Aquarius Platinum (LON:AQP). The announcement comes not long after Sibanye announced it would acquire Anglo American Platinum’s (JSE:AMS) Rustenburg operations.
As quoted in the publication:
The offer has been made at $0.195/share, which based on yesterday’s rand/dollar exchange rate translates to R2.66/share. The board of Aquarius has unanimously endorsed the offer.
The transaction will allow Sibanye to consolidate the operations of Aquarius – which include the Kroondal and Mimosa mines – with those of the Rustenburg operations it recently acquired from Anglo American Platinum.