Sibanye’s Stillwater platinum deal edges forward

Precious metals mining company Sibanye’s proposed acquisition, Stillwater Mining of the United States of America, edged forward on Thursday with the notification that both companies had received early termination of the waiting period under the US’s Hart-Scott-Rodino legislation, which means that the transaction’s antitrust condition has now been satisfied. Announced in early December, the deal is expected to close in the second calendar quarter of 2017, subject to shareholder, South African Reserve Bank, and others', customary approvals.