Sibanye-Stillwater receives further recognition for the acquisition of Stillwater
Westonaria, 8 June 2018: Sibanye-Stillwater (Tickers JSE: SGL and NYSE: SBGL) is pleased to advise that on 5 June 2018, the Company was awarded the ‘Global Resources and Commodities M&A Deal of the Year’ under the large-cap segment at the 10th Annual M&A Atlas Awards gala function, held at the Intrepid Museum in New York for the US$2.2 billion acquisition of Stillwater Mining Company in the United States (US).
Commenting on the award CEO Neal Froneman stated that “this award is gratifying as it again reflects the recognition by industry participants of the significance and transformative nature of the Stillwater acquisition. This transaction has already had a significant impact on the Group. The Stillwater operations comprised 60% of the Group adjusted EBITDA* in Q1 2018, supporting the change in name from Sibanye Gold to Sibanye-Stillwater in 2017, which better reflects the international diversification of the Group”.