A signboard near the Sibanye gold mine in Westonaria, west of Johannesburg. Photo: Reuters

CAPE TOWN - Sibanye-Stillwater said on Thursday it had received approval from South African competition authorities to exchange selected assets for about 265 million newly issued DRDGOLD shares and be granted a call option to subscribe for the option shares  so as to attain a 50.1 percent shareholding in DRDGOLD.

"Should Sibanye-Stillwater elect to exercise the call option within a period of 24 months from the approval date ... Sibanye-Stillwater shall inform the Commission of its decision within 20 business days of exercising the call option," it said in a statement.

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- African News Agency (ANA)