R4.5bn

Finweek English Edition - - IN BRIEF -

The min­i­mum amount Sibanye Gold will pay for An­glo Amer­i­can Plat­inum’s Rusten­burg oper­a­tions, which em­ploy 16 000 peo­ple and was hit by a record five-month strike last year. As part of the deal, Sibanye will pay R1.6bn up­front in cash or shares and a de­ferred con­tri­bu­tion equal to 35% of distributable free cash flow gen­er­ated by Rusten­burg over a de­fined pe­riod. The min­i­mum amount payable out of cash flow will be R3bn.

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