Sibanye wins US thumbs up for Stillwater acquisition

Precious metals mining company Sibanye has received unconditional approval from the Committee on Foreign Investment into the United States on the proposed acquisition of platinum group metals mining company Stillwater, which mines and processes the metals in Montana. Johannesburg- and New York-listed Sibanye, headed by CEO Neal Froneman, is offering $2.2-billion for Stillwater, the biggest producer of platinum and palladium outside South Africa and Russia.