The shareholders of Aquarius Platinum have approved the proposed deal by Sibanye Gold in October 2015 to acquire all of the shares in Aquarius for US$0.195 per share.

Aquarius Platinum's Kroondal plant
Aquarius Platinum’s Kroondal plant

The implementation of the Aquarius transaction however remains subject to final conditions precedent, including primarily, the approval of the transaction by the South African Competition Commission and the Competition Tribunal.

Once these competition approvals have been obtained, a timetable of events leading up to the date for payment of the consideration will be announced to the ASX, LSE and JSE.

This follows the approval on Monday by Sibanye shareholders of the Anglo American Platinum Rustenburg Operations acquisition.

“It is extremely pleasing to note the tremendous support shown by the Sibanye and Aquarius shareholders for the acquisitions of the Rustenburg Operations and Aquarius.

“We look forward to concluding both transactions as soon as possible and integrating the Rustenburg and Aquarius operations into Sibanye. We are confident that significant value will be realised from these world class platinum assets, for the benefit of all Sibanye stakeholders,” says Sibanye CEO Neal Froneman.

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