US body extends review of Stillwater acquisition; Sibanye provides update on reserves

JSE-listed Sibanye Gold has received written notification from the Committee on Foreign Investment in the United States (CFIUS) that it wishes to undertake further investigation of the company’s proposed R30-billion acquisition of US-based platinum group metals (PGMs) producer Stillwater Mining Company. The notification is in line with standard CFIUS procedure for a transaction of this nature, Sibanye said in a statement on Friday.