South Africa: Sibanye-Stillwater Defeats Mining Communities Challenging R5.4 Billion Lonmin Merger

analysis

Sibanye-Stillwater might have won in court, but the six mining communities on the platinum belt of Rustenburg are not backing down. The communities will write to Chief Justice Mogoeng Mogoeng, asking him to clarify the Constitutional Court's order that dismissed its application to have the Sibanye-Stillwater and Lonmin merger declared unlawful.

Sibanye-Stillwater has been handed a giant victory by the Constitutional Court, which dismissed a legal challenge by mining communities against the company's R5.4-billion merger with Lonmin.

The apex court has dismissed an application by six North West mining communities to appeal against a Competition Appeal Court judgment that paved the way for the merger to be approved and create an enlarged entity that will become one of the world's leading sources of platinum group metals.

The Greater Lonmin Community, which represents six mining communities on the platinum belt of Rustenburg, launched a legal challenge on 18 July 2019 against the Sibanye-Stillwater and Lonmin merger because they were allegedly excluded from merger talks. Accordingly, the six mining communities - Marikana, Mooinooi, Majakeng, Tornado, Nkaneng, and Bapo Ba Mogale - wanted the merger to be reversed and declared unlawful by the court.

In a brief order dated 28 August, the Constitutional...

See What Everyone is Watching

More From: Daily Maverick

Don't Miss

AllAfrica publishes around 700 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.