Sibanye’s platinum asset acquisitions nearing completion

Significant progress has been made on advancing and finalising the acquisitions of Anglo American Platinum’s (Amplats’) Rustenburg operations and Aquarius Platinum, Sibanye Gold said on Monday. Aquarius and Sibanye in October entered into an implementation agreement under which a wholly owned Sibanye subsidiary would, subject to the satisfaction of certain conditions, acquire all of the shares in Aquarius for a cash consideration of $0.195 for each Aquarius share.