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Sibanye Gold Ltd (SBGL)

- NYSE
  • Jul. 21, 2014, 4:36 AM
    • Anglo American's (OTCPK:AAUKY) subsidiary, Amplats, is planning to sell its Union mine, Rustenburg operations and a joint venture in South Africa.
    • The move will reduce the miner's staff count by 20k, and follows a continuous five-month strike against the company by the AMCU union.
    • The mine is expected to be sold to Sibanye Gold (NYSE:SBGL), whose CEO Neal Froneman announced a wish for a platinum deal before the end of the year.
    • ETFs: PPLT, PTM, PLTM, PGM
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Company Description
Sibanye Gold Ltd is a producer of gold and a holder of gold reserves in South Africa. The Company is involved in underground and surface gold mining and related activities, including extraction, and processing.
Industry: Gold
Country: South Africa