Status: Upcoming / New Filing
Acquirer: Sibanye Gold Ltd. (South Africa)
Acquired: Stillwater Mining Co. (US)
Value: Approx. US$2.2 Billion
Industry: Precious Metal Mining
“Stillwater Mining Company is the only U.S. miner of platinum group metals (PGMs) and the largest primary producer of PGMs outside of South Africa and the Russian Federation.” (Stillwater Mining Press Release, Form 8-K, Ex-99.1, Dec. 9, 2016, SEC Filing.) “Sibanye is the largest individual producer of gold from South Africa and is one of 10 largest gold producers globally and the world’s fifth largest producer of platinum group metals (PGMs).”
The parties have conditioned closing on Committee on Foreign Investment in the United States (CFIUS) clearance and have agreed to submit a joint voluntary notice “within 30 Business Days” of signing the agreement. (Agreement and Plan of Merger, Sections 7.1.4; 6.9.2(A), Form 8-K, Ex-2.1, Dec. 9, 2016, SEC Filing.)