South Africa: Community Wants Concourt to Declare R5 Billion Lonmin Deal Illegal

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Six North West mining communities have launched an application at the Constitutional Court to appeal against a Competition Appeal Court judgment that paved the way for the more than R5-billion merger between Sibanye and Lonmin to be approved. They want both companies to restart merger talks, this time involving Rustenburg mining communities.

Sibanye-Stillwater's audacious bid for Lonmin, which created an enlarged entity that will become one of the world's leading sources of platinum group metals, is facing another hurdle.

Although the more than R5-billion merger was completed on 10 June 2019 after Sibanye-Stillwater and Lonmin shareholders voted overwhelmingly in favour of it, North West mining communities have launched a Constitutional Court application to appeal a Competition Appeal Court judgment that paved the way for the merger to be approved.

The Greater Lonmin Community, which represents six mining communities on the platinum belt of Rustenburg - Marikana, Mooinooi, Majakeng, Tornado, Nkaneng and Bapo Ba Mogale - wants the Constitutional Court to declare the approval of the Sibanye-Lonmin merger as unlawful.

Once the court makes such an order, the Greater Lonmin Community wants both companies to restart merger talks that also involve Rustenburg mining communities.

The Greater Lonmin Community has been a...

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