CompCom gives DRDGold conditional thumbs up to buy Sibanye tailings assets

The Competition Commission has recommended that the Competition Tribunal approve, with conditions, DRDGold's acquisition of certain assets from Sibanye-Stillwater. The gold producers in November entered into a R1.3-billion deal that will entail DRDGold acquiring portions of Sibanye-Stillwater's West Rand tailings retreatment project assets in exchange for about 38% of DRDGold's ordinary share capital, while Sibanye-Stillwater would continue focusing on developing its platinum assets.