U.S. extends scrutiny of U.S. miner takeover by S.Africa’s Sibanye

A sign board is seen near the Sibanye gold mine in Westonaria, west of Johannesburg, South Africa, April 6, 2016. REUTERS/Siphiwe Sibeko/File Photo
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JOHANNESBURG (Reuters) – The Committee on Foreign Investment in the United States will extend its scrutiny of a $2.2 billion takeover by South Africa’s Sibanye Gold of the only U.S. miner of platinum and palladium, Stillwater Mining, Sibanye said on Friday.

The committee, which examines deals for potential U.S. national security concerns, extended the deadline for its review from February 28 to no later than April 14, 2017.

 

Source – Reuters

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