Sibanye Gold acquisition of Rustenburg mine

Overview:

• Sibanye Gold acquired the Rustenburg mining operations, which includes the Thembelani mine and the Bathopele mine, from Rustenburg Platinum Mines, a subsidiary of Anglo American. 
• The Bathopele mine covers 17km² of land and produces 280 thousand tonnes of platinum per month as well as palladium, and should be operational until 2026. 
• The Thembelani mine covers 31 square km of land. 
• HSBC Bank acted as financial adviser to the acquirer. 

Rani Mehta - Journalist