South Africa’s Sibanye Gold has no plans to cut jobs and will keep its dividend policy unchanged after its offer to acquire Aquarius Platinum for $294 million, its chief executive said on Tuesday.
Sibanye Chief Executive Neal Froneman told a presentation in Johannesburg that the company had no intention of buying the assets of its rival Harmony Gold.
In September Sibanye purchased Anglo American’s South African platinum assets for $331 million.
Sibanye Gold does not plan job cuts after offer to buy Aquarius
South Africa’s Sibanye Gold has no plans to cut jobs and will keep its dividend policy unchanged after its offer to acquire Aquarius Platinum for $294 million, its chief executive said on Tuesday.
Sibanye Chief Executive Neal Froneman told a presentation in Johannesburg that the company had no intention of buying the assets of its rival Harmony Gold.
In September Sibanye purchased Anglo American’s South African platinum assets for $331 million.