Sibanye tying up New Century strings

Suitor Sibanye-Stillwater Resources has started the compulsory acquisition of the remaining shares in takeover target New Century Resources after gaining a 90% interest in the ASX-listed company.

Sibanye-Stillwater in February launched a A$1.10 a share takeover offer for Australian zinc miner New Century Resources, in which it held an initial 19.9% interest.