South African firm expands U.S. platinum holdings

Helena, Mont. • A South African gold mining company completed a $2.2 billion purchase of the only U.S. producer of platinum and palladium on Thursday, its third such acquisition in the past year as the company looks to expand its precious metals holdings. Sibanye Gold Limited’s merger with Littleton, Colorado-based Stillwater Mining Co. on Thursday positions it as the world’s fourth-largest producer of precious metals that include platinum, palladium, rhodium and gold. The value of platinum and ...

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