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Stillwater deal advances as Sibanye grasps $2.6bn bridge finance nettle

Precious metals mining company Sibanye on Monday announced that it had successfully closed the syndication of the bridge facilities to support its acquisition of Stillwater Mining Company of the US. Sibanye said in a Johannesburg Stock Exchange news service announcement that the syndication attracted strong interest from banks with existing relationships with Sibanye, as well as a number of new international banks.