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.

READ: Sibanye-Stillwater to buy Lonmin

Lonmin has seized to exist.

Ed Stoddard, Contributor - Mining MX

READ: Amcu workers return to work, some share challenges brought on by strike

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...


Recommended

by NEWSROOM AI
Read More
'Mathematics syllabus is enormous to be covered within a year,' says expert

'Mathematics syllabus is enormous to be covered within a year,' says expert

Wits University mathematics lecturer Dr Jacques du Plessis says teachers are racing against time in the classroom.

Former Reserve Bank deputy governor Daniel Mminele appointed Absa CEO

Former Reserve Bank deputy governor Daniel Mminele appointed Absa CEO

Absa head of corporate communications Songezo Zibi says Mminele has pedigree both in terms of policy and commercial banking.

We have made progress in delivering on our promises to Marikana – Lonmin CEO

We have made progress in delivering on our promises to Marikana – Lonmin CEO

The Money Show’s Bruce Whitfield interviews Lonmin CEO Ben Magara.

Marikana widow: 'Priority given to 34 victims but 10 families being ignored'

Marikana widow: 'Priority given to 34 victims but 10 families being ignored'

Widow Of Lonmin security guard at Marikana says life is hard now that she has to live off one salary.

'We are almost done with the Farlam Commission recommendation on Marikana'

'We are almost done with the Farlam Commission recommendation on Marikana'

Police Minister Bheke Cele says all recommendations by the Farlam Commission of Inquiry will be honoured and implemented.

[LISTEN] Marikana survivors still waiting for an apology from Ramaphosa

[LISTEN] Marikana survivors still waiting for an apology from Ramaphosa

Lawyer of the wounded and arrested miners Andries Nkome says their clients feel discouraged about the justice system in SA.

Popular articles
Positioning your business for success

Positioning your business for success

Positioning your business for success - what does this phrase even mean?

This is how you should invest your money for the next decade

This is how you should invest your money for the next decade

Personal Finance - Tips on how to invest your money.

Is SA Express next in line for business rescue?

Is SA Express next in line for business rescue?

SAA has been placed in business rescue and this is placing SA Express in a risky position.

#WEF2020:  Bruce Whitfield live from Davos

#WEF2020: Bruce Whitfield live from Davos

CNN business editor Richard Quest pulled no punches about South Africa when Bruce Whitfield interviewed him in Davos earlier.

Zondo expresses concern over state capture inquiry not completing its work

Zondo expresses concern over state capture inquiry not completing its work

The commission chair applied for an extension of the inquiry until the end of December this year.

Parktown Boys' High parent wants SGB, affected teachers and management charged

Parktown Boys' High parent wants SGB, affected teachers and management charged

The parent says the code of silence needs to be dismantled as boys who open their mouths are victimised and removed.

Festive season fatal crashes reduced by 3% as motorists heed safety calls

Festive season fatal crashes reduced by 3% as motorists heed safety calls

Eyewitness News reporter Kgomotso Modise gives a summary of the 2019/2020 road safety report.

'We're in hot pursuit,' says Mbalula after 308km/h speedster identified

'We're in hot pursuit,' says Mbalula after 308km/h speedster identified

The Road Traffic Management Corporation confirmed in a tweet that the speedster had been identified and called for him to turn himself over or they would come to him at his residence.

Maile suspends 'constitutional delinquent' Tshwane speaker Mathebe

Maile suspends 'constitutional delinquent' Tshwane speaker Mathebe

Gauteng Cogta MEC Lebogang Maile explains his decision to suspend Mathebe and former Johannesburg speaker Vasco da Gama.

Looking at art as one of the languages in which to talk about mental illness

Looking at art as one of the languages in which to talk about mental illness

Eusebius McKaiser and pundits reflect on how people can manage their mental health challenges by creating artworks.