sibanyeReuters reports that Sibanye Gold has cleared the final regulatory hurdle for its $330 million acquisition of Anglo American Platinum's (Amplats’) Rustenburg mines.  

The company indicated on Wednesday that the deal, first announced over a year ago, was on track for completion at end of the month after approval from the Mineral Resources Department was secured.  The deal, along with the takeover of Aquarius Platinum last year, will put Sibanye, which is SA’s second-largest gold producer, into the global top five producers of platinum group metals.  For Amplats, the transaction allows it to focus its strategy on newer, mechanised and less labour intensive mines.


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