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DRDGold okays Sibanye-Stillwater $110 million-assets exchange deal

Cecilia Jamasmie | March 28, 2018 | 3:58 am Base Metals Precious Metals Africa Gold Iron Ore Platinum 

South African DRDGold approved Wednesday a deal proposed by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) to exchange some its assets for a 38% stake in the mid-tier gold miner. The transaction, valued at R1.3 billion (roughly $110 million at today’s rates), also gives Sibanye...

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