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Sibanye wins deal of the year award at gala dinner

Sibanye Gold’s proposed US$2.2 billion acquisition of the Stillwater Mining Company has won them the Deal of the Year award at the prestigious Ansarada DealMakers annual gala.

Neal Froneman commenting on the award said, “We are honoured to receive this award, which I believe recognises that the proposed acquisition of the US listed Stillwater is a transformative transaction at an opportune time in the commodity price cycle.

“The acquisition of Stillwater’s Tier 1 assets will transform Sibanye into a globally competitive South African mining champion. Sibanye means ‘We are one’ in isiXhosa and awards such as this and the ability to even consider transformational transactions of this nature, reflect the efforts and achievements of all Sibanye employees.”

Froneman has mentioned in previous statements that the acquisition will expand beyond the company’s base of ageing South African gold mines. The Stillwater purchase is Froneman’s biggest yet and first outside of South Africa.

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