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Sibanye to buy Stillwater for $2.2bn

Sibanye Gold (SA:SGL) has furthered its foray into platinum group metals by taking a US$2.2 billion step into the United States.

Sibanye to buy Stillwater for $2.2bn Sibanye to buy Stillwater for $2.2bn Sibanye to buy Stillwater for $2.2bn Sibanye to buy Stillwater for $2.2bn Sibanye to buy Stillwater for $2.2bn

Sibanye sees Stillwater as a ray of sunshine, paying more than 20% above market price for it

The acquisition is another sign of improving market confidence.