Competition authorities approve acquisition of the Rustenburg operations
17 March, 2016
Anglo American Platinum shareholders are referred to the announcement released on 18 January 2016 confirming that Sibanye Gold Limited (“Sibanye”) shareholders had approved the acquisition of the Rustenburg Operations from Anglo American Platinum (“the Transaction”).
The Company is pleased to announce that on 16 March 2016 the Transaction was approved by the Competition Authorities in accordance with the Competition Act. The approval is subject to certain conditions and qualifications which Anglo American Platinum and Sibanye have confirmed are acceptable.
Shareholders are advised that the implementation of the Transaction is still subject to, amongst others, the fulfillment of the following key condition precedent:
- 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.
Further announcements will be made as appropriate as the Transaction progresses.