Sibanye raises $120m ahead of mining wage talks

Sibanye, gold, nugget
By Sam Kerr
10 Apr 2019

Sibanye-Stillwater, the South African commodities miner, sold a 108.9m share block in the market on Tuesday night to solidify its balance sheet as the company continues to weather a gold workers' strike and prepares for wage talks with unions for its platinum workers.

JP Morgan was sole bookrunner on the all-primary deal in Johannesburg, worth 18% of the company.

Sibanye is raising the cash to shore up its balance sheet as it negotiates an end to continued strike action by its gold workers.

The company is also set to conclude ...

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