Anglo American in talks with Sibanye over South African operations

Anglo American said late on Thursday that its South African subsidiary, Anglo American Platinum, is in discussions with Sibanye Gold regarding the sale of its Rustenberg operations.

It said the discussions, which may or may not lead to a transaction, are in line with what the company has publicly stated, that it continues to pursue both a sale and listing option.

Sibanye, which is the biggest gold producer in South Africa, said: “Sibanye shareholders are advised that the company is in negotiations with Anglo American Platinum regarding the potential acquisition of the Rustenburg mining and concentrating operations from AAP.”

At 1218, Anglo American shares were down 3.8% at 697.40p.