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

Reuters - UK Focus

Oct (HKSE: 3366-OL.HK - news) 6 (Reuters) - 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 (LSE: AAL.L - news) 's South African platinum assets for $331 million. ($1 = 13.6595 rand) (Reporting by Ed Stoddard; Writing by Mfuneko Toyana; Editing by Louise Heavens)