South Africa's Sibanye Mine's takeover of Lonmin Mine has been concluded, despite opposition from mining communities. The takeover which was approved by shareholders on May 28, 2019, brings an end to an era in the country's platinum sector as Lonmin, formerly linked to Lonrho, leaves with a history stretching back over a century. Sibanye now becomes the world's largest primary producer of platinum group metals. Lonmin has been at the centre of controversy after the killing of over 30 miners by police during a wage protest action in 2012. Sibanye has been involved in a restructuring exercise which threatened thousands of jobs earlier this year.
It's a Done Deal, Sibanye Tells Mining Communities Challenging R5 Billion Lonmin Merger
Daily Maverick, 5 August 2019
Sibanye-Stillwater is opposing a Constitutional Court application launched by six mining communities to have the company's merger with Lonmin reversed. The mining communities said… Read more »
After Gobbling Up Lonmin, the Sibanye Juggernaut Rolls On
Daily Maverick, 28 May 2019
Sibanye-Stillwater and Lonmin shareholders on Tuesday 28 May 2019 approved a takeover offer by the former for the latter. This marks the end of one era in South African platinum as… Read more »
Sibanye-Stillwater CEO Explains Why He Has Drawn a Line in the Sand On Lonmin Deal
Daily Maverick, 22 May 2019
Sibanye-Stillwater is in the final stretch of its bid to acquire troubled platinum producer Lonmin. There has been speculation that some shareholders may now hold out for a better… Read more »
Qualm Over SA Manufacturing, Mining Prospects
CAJ News, 9 July 2019
ANALYSTS have projected mixed fortunes for the struggling manufacturing and mining sectors in the wake of load shedding and strikes in South Africa. Read more »
Minister Mildred Oliphant Congratulates Parties On Amicable Resolution in Sibanye Labour Dispute
Govt of SA, 17 April 2019
Minister of Labour congratulates parties to the Sibanye labour dispute Read more »
Lonmin Case Shows How Hard It Is to Hold Mines to Account
GroundUp, 26 April 2019
In February the North West High Court rejected the application from the Mining Forum of South Africa, representing the Bapo-Ba-Mogale community, to declare the minister responsible… Read more »
After a Bruising Battle in the Gold Sector, Tense Wage Negotiations Loom in the Platinum Space
Daily Maverick, 24 April 2019
For the militant AMCU union, smarting from a disastrous five-month strike at Sibanye-Stillwater's gold mines that achieved nothing beyond making its members poorer, the stakes are… Read more »
Five years ago today, 34 miners, mine security personnel and a member of the South African Police, lost their lives at Marikana after protests over salaries, living and working ... Read more »
The death toll at Sibanye-Stillwater's operations during 2018 stands at more than 20 - close to half of the fatalities in the entire mining industry. Read more »
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