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20/07/2017
Orezone Announces Appointment of New Director
 
07/07/2017
ENDEAVOUR ANNOUNCES THE RETIREMENT OF ITS COO
 
31/05/2017
RETIREMENT OF DEPUTY CHAIRMAN - Mineral Deposits Limited
 
 
 
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   06/10/2015
 
Sibanye makes cash offer for Aquarius
 

Sibanye announced a cash offer of USD 0.195 per share (ZAR 2.66 per share) valuing Aquarius at USD294 million (R4 billion) for the entire issued share capital of Aquarius.

The Transaction is highly complementary with the Rustenburg acquisition, which Sibanye is in the process of acquiring as there are inherent regional and operational synergies between Aquarius’ Kroondal mine and the Rustenburg Operations, which are adjacent to it.

Aquarius’ primary assets are its stakes in the Kroondal and Mimosa mines and a retreatment facility, Platinum Mile, near Rustenburg South Africa. Mimosa, which is a joint venture with Impala Platinum in Zimbabwe will provide an entry point into Zimbabwe, which hosts the second largest platinum reserves in the world . The Aquarius operations are mechanised, low-cost operations.

The board of directors of Aquarius has unanimously recommended that Aquarius shareholders vote in favour of the Offer at the Aquarius Special General Meeting, which is yet to be scheduled. The Aquarius board intends to vote in favour of the Offer with respect to their own beneficial holdings.


 
 
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