https://www.engineeringnews.co.za

Sibanye to undertake $1bn rights offering to repay part of Stillwater acquisition loan

11th May 2017

By: Henry Lazenby

Creamer Media Deputy Editor: North America

     

Font size: - +

VANCOUVER (miningweekly.com) – The spinoff of JSE- and NYSE-listed Gold Fields, Sibanye has announced a $1-billion rights offering to repay a portion of a $2.65-billion loan facility it used to acquire US platinum producer Stillwater Mining.

The Johannesburg-based miner said Thursday that a further announcement setting out the full terms of and finalisation information regarding the rights offer is currently scheduled to be released on Thursday, 18 May. It said all information with regards to the rights offer will be available on its website later that day.

Sibanye has been broadening its geographical reach, reducing its reliance on gold and exposure to the rising political and social risks in South Africa.

Sibanye has reported strong first-quarter platinum production, recording output of 286 716 oz of platinum-group metals during the period.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Stewarts & Lloyds
Stewarts & Lloyds

Stewarts & Lloyds is a leading steel, tube, and engineering product supplier in South Africa.

VISIT SHOWROOM 
ATI Systems
ATI Systems

ATI systems comprises five divisions: electrical assemblies, drives and controls, feedback sensors, enclosures, and strip guiding.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.084 0.965s - 140pq - 2rq
Subscribe Now