Sibanye Gold to Acquire Aquarius Platinum

Precious Metals

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.

Click here for the full Mineweb article.

anglo american platinum lon:aqp nyse:sbgl Company News

MARKETS

Markets
TSX	19501.49	+41.57
TSXV	611.88	+3.23
DOW	32237.53	+132.28
S&P 500	3970.99	+22.27
NASD	11823.96	+36.56
ASX	6955.20	-13.40

COMMODITIES

Commodities
Gold	1978.75	+0.33
Silver	23.23	+0.01
Copper	4.07	-0.05
Palladium	1713.17	0.00
Platinum	1087.26	0.00
Oil	69.20	-0.76
Heating Oil	2.58	+0.01
Natural Gas	2.18	+0.03

DOWNLOAD FREE REPORTS

Browse more resource reports ≫

Browse more technology reports ≫

Browse more life science reports ≫

BROWSE COMPANIES BY SECTOR