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Sibanye swoops on battered New Century

Major shareholder unhappy with strategic direction

Michael Quinn
Sibanye is indicating it is not happy with New Century potentially going down the traditional mining route at Mt Lyell, Tasmania

Sibanye is indicating it is not happy with New Century potentially going down the traditional mining route at Mt Lyell, Tasmania

The Johannesburg and New York Stock Exchange-listed Sibanye is set to lodge a A$1.10/share bid for New Century, saying it was concerned about the "change in the strategic direction of the company". ...

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