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Sibanye Gold does not plan job cuts after offer to buy Aquarius Platinum

Tue, 06th Oct 2015 10:12

Oct 6 (Reuters) - South Africa's Sibanye Gold has no plansto cut jobs and will keep its dividend policy unchanged afterits offer to acquire Aquarius Platinum for $294million, its chief executive said on Tuesday.

Sibanye Chief Executive Neal Froneman told a presentation inJohannesburg that the company had no intention of buying theassets of its rival Harmony Gold.

In September Sibanye purchased Anglo American's SouthAfrican platinum assets for $331 million. ($1 = 13.6595 rand) (Reporting by Ed Stoddard; Writing by Mfuneko Toyana; Editingby Louise Heavens)

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