Sibanye definition
Examples of Sibanye in a sentence
These forward-looking statements, including, among others, those relating to Sibanye Stillwater Limited’s (“Sibanye-Stillwater” or the “Group”) financial positions, business strategies, plans and objectives of management for future operations, are necessarily estimates reflecting the best judgment of the senior management and directors of Sibanye-Stillwater.
In 2018, two groups of plaintiffs filed purported class action lawsuits, subsequently consolidated into a single action (Class Action), against Sibanye Gold Limited (Sibanye-Stillwater) and Neal Froneman (collectively, the Defendants) in the United States District Court for the Eastern District of New York, alleging violations of the US securities laws.
Entitlements to New Sibanye- Stillwater Shares pursuant to the Transaction will therefore be calculated in whole numbers of New Sibanye-Stillwater Shares only, resulting in allocations of whole numbers of New Sibanye-Stillwater Shares.
On the basis of the Revised Exchange Ratio and based on the Closing Price of R14.33 per Sibanye- Stillwater Share on the Last Practicable Date and the exchange rate on that date being R18.511:£1, the terms of the Transaction represent a value of approximately 77.4 pence per Lonmin Share and£226 million for the entire issued and to be issued ordinary share capital of Lonmin.
New Sibanye-Stillwater Shares will not be issued to Lonmin ADS Holders, and it is not proposed to establish any new ADS scheme for Lonmin ADS Holders in respect of any of the New Sibanye- Stillwater Shares.
Sibanye has subordinated all claims it might have against Rand Refinery as part of the Facility agreement.
EXPLORATION AND EVALUATION ASSETS (cont’d…) Altar, Argentina During the year ended June 30, 2019, the Company entered into a joint venture and option agreement (the "Altar JV Agreement") with Stillwater Canada LLC, an indirect subsidiary of Sibanye Gold Limited, trading as Sibanye-Stillwater ("Sibanye-Stillwater"), to acquire up to an 80% interest in Peregrine Metals Ltd.
On 15 July 2016, Sibanye and the other Respondents each filed petitions with the Supreme Court of Appeal for leave to appeal against the certification of the two separate classes for silicosis and tuberculosis.At this stage, Sibanye can neither quantify the potential liability from the action due to the inherent legal and factual uncertainties with respect to the pending claims and other claims not yet filed against the Group nor can the length of time until finalisation be estimated.
In addition, while the Sibanye UK Limited (Sibanye UK) loans to WPL are still outstanding, Rustenburg Eastern Operations Proprietary Limited (REO) will subscribe for additional preference shares as an additional funding mechanism to ensure Phembani SPV receives a minimum level of cash flows (as determined in terms of a formula).
The High Court also decided that claims for general damages will transmit to the estate of any deceased mine worker who dies after the date of filing of the certification application.On 3 June 2016, Sibanye and the other Respondents filed an application with the High Court for leave to appeal to the Supreme Court of Appeal.