Sibanye may raise up to $1.3 billion in equity for Stillwater deal

A sign board is seen near the Sibanye gold mine in WestonariaSibanye Gold Ltd said it might tap shareholders for up to $1.3 billion to partly fund a $2.2 billion takeover of Stillwater Mining Co , the only U.S. miner of platinum and palladium. Sibanye said the consensus outlook for precious metal prices in the near term, particularly in rand terms, was subdued and further sustained rand strength would impact on operating margins in its gold and platinum divisions.