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Stillwater deal limits Sibanye

Moving away from its South Africa base may have felt like a sensible move for precious metals producer Sibanye Gold (SJ:SGE), and may well prove to be so in the longer term, but the decision looks likely to be value destructive in its initial stages.

Stillwater deal limits Sibanye Stillwater deal limits Sibanye Stillwater deal limits Sibanye Stillwater deal limits Sibanye Stillwater deal limits Sibanye

Sibanye is looking to diversify away from its South Africa base, though the move look likely to come at a cost

Sibanye – a 2012 spin-off from Gold Field’s (SJ:GFI) and considered by many a South Africa mining champion – announced late last year its proposed US$2.

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