Sibanye Gold Limited: Sibanye Gold Limited's proposed acquisition of Lonmin is credit positive
CORPORATES ISSUER COMMENT 21 December 2017 What is Moody’s Credit Outlook ? Published every Monday and Thursday morning, Moody's Credit Outlook informs our research clients of the credit implications of current events. Contacts Douglas Rowlings +971.4.237.9543 VP-Senior Analyst [email protected] Sibanye Gold Limited Sibanye Gold Limited’s proposed acquisition of Lonmin is credSibanye-Stillwater is a gold mining group based in South Africa. Co.'s operations consist of deep-level underground gold mines located along the northern and western margins of the Witwatersrand Basin in South Africa. These properties include the KDC operation and the Beatrix operation. Co. is engaged in mining only gold, with silver as a by-product. Co.'s mining process is divided into two principal activities: developing access to the ore body; and extracting the ore body once accessed. Co.'s exploration activities are focused on the extension of existing ore bodies and identification of new ore bodies at existing sites.
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