Sibanye Gold shareholders OK Stillwater Mining takeover

|By:, SA News Editor

Sibanye Gold (NYSE:SBGL) shareholders approve the miner's $2.2B buyout of Stillwater Mining (NYSE:SWC), advancing CEO Neal Froneman's push to diversify away from gold and South Africa.

SBGL last year strengthened its platinum portfolio in buying Aquarius Platinum and Anglo American Platinum's mines in Rustenburg, South Africa, but the acquisition of U.S.-based SWC is its first venture beyond South Africa.

SWC's shareholders are due to meet today to vote on the deal.