Sibanye rights offer oversubscribed

June 12, 2017

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Precious metals miner Sibanye on Monday announced “overwhelming” support for its $1-billion rights offer, which closed on June 9. The proceeds of the rights offer will be used to partly refinance the $2.65-billion bridge loan facility Sibanye entered into to acquire US-based platinum miner Stillwater Mining Company (SMC).

Category: General