JOHANNESBURG -- South Africa's Sibanye Gold Ltd. said today it plans to buy U.S. palladium and platinum miner Stillwater Mining Co. for $2.2 billion, the company's first foray outside of southern Africa and the latest bold move to diversify beyond gold mining.
The purchase is Sibanye's third platinum acquisition since late 2015 and would make the company, which until last year was solely a gold miner, the world's third largest platinum producer. The move is a vote of confidence in platinum in addition to a strategic diversification away from the often difficult operating environment in South Africa. ...
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