No job cuts at Sibanye

Sibanye Gold has no plans to cut jobs after its offer to acquire Aquarius Platinum for $294 million.

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Johannesburg - South Africa's Sibanye Gold has no plans to cut jobs and will keep its dividend policy unchanged after its offer to acquire Aquarius Platinum for $294 million, its chief executive said on Tuesday.

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

In September Sibanye purchased Anglo American's South African platinum assets for $331 million.

REUTERS