After M&A Spree, Sibanye Is Now the World's No. 1 Platinum Miner

From bnnbloomberg.ca

Six years after being carved out of a handful of unwanted gold operations, Sibanye Gold Ltd. has become the world’s biggest platinum miner. Building on operations spun out of Gold Fields Ltd., Sibanye became the No. 1 miner in South Africa’s waning gold industry. Now, with the acquisition of Lonmin Plc, Chief Executive Officer Neal Froneman has completed Sibanye’s transformation to a giant of the nation’s key platinum sector. The deal, approved by shareholders on Tuesday, creates a company that will eclipse Anglo American Platinum Ltd. as the world’s biggest platinum miner and will rank second to Russia’s ... (full story)