You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Shareholders in DRDGold back Sibanye-Stillwater assets plan

DRDGold said this is a significant move in advancing the company.
DRDGold backs Sibanye-Stillwater plans. Picture Bloomberg

South Africa’s DRDGold said on Wednesday its shareholders voted in favour of all resolutions relating to the firm’s proposed acquisition of assets from Sibanye-Stillwater.

Sibanye-Stillwater in November announced plans to exchange some surface gold processing assets and tailings storage facilities (TSF) for a 38% stake in DRDGold worth R1.3 billion ($111.13 million).

“This transaction is a step-change for DRDGold. We have doubled our reserves and secured infrastructure to access these very quickly. After many years of consolidation this is a major advance towards growing our company,” DRDGold Chief Executive Niël Pretorius said in a statement.

($1 = 11.6984 rand) 

VIDEOS

COMMENTS   0

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: