Sibanye-Stillwater successfully takes over Lonmin
Sibanye-Stillwater has successfully acquired Lonmin.
The merger has made Sibanye a larger source of platinum than Anglo American Platinum.
Since the deal was first unveiled in December 2017, it was challenged by the Association of Mineworkers and Construction Union (Amcu).
Speaking to Nickolaus Bauer, Mining MX contributor Ed Stoddard says Lonmin has not been productive for a very long time.
Lonmin has seized to exist.Ed Stoddard, Contributor - Mining MX
Even before Marikana, it was having a number of issues, and it basically had gotten to the point where it was no longer a going concern. Sibanye threw in a lifeline to the shareholder.Ed Stoddard, Contributor - Mining MX
Sibanye is now a precious metals company.Ed Stoddard, Contributor - Mining MX
Listen to the full interview below...
This article first appeared on 702 : Sibanye-Stillwater successfully takes over Lonmin
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