The Thembelani mine forms part of the Rustenburg Operations transaction

Dual-listed Sibanye Gold announced on Monday that the majority of its shareholders voted overwhelmingly in favour of the transaction in which it has agreed to acquire the Rustenburg operations from Anglo American Platinum, as announced in September 2015.

The Thembelani mine forms part of the Rustenburg Operations transaction
The Thembelani mine forms part of the Rustenburg Operations transaction

The Rustenburg Operations to be acquired by Sibanye include the Bathopele, Siphumelele and Thembelani mines as well as the integrated Khomani and Khuseleka mining operations, two concentrating plants, an on-site chrome recovery plant and the Western Limb Tailings Retreatment plant and associated surface infrastructure and related assets.

The implementation of the transaction is still subject to, amongst others, the approval of the transaction by the South African Competition Authorities and the granting of consent in terms of section 11 of the MPRDA for the sale of the Mining Right and the Prospecting Right to Sibanye pursuant to the transaction.

Sibanye said that it would notify its shareholders once the all the outstanding conditions precedent have been fulfilled and the transaction implemented.

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