https://www.engineeringnews.co.za

GOOD FIT:

25th May 2018

By: Martin Creamer

Creamer Media Editor

     

Font size: - +

Platinum mining companies Lonmin and Sibanye-Stillwater make a good fit at asset level, where the abutting of their mines can unlock synergies of R1.5-billion a year and preserve 20 000 jobs. Lonmin currently employs 32 500, which will go down by 12 600 in 2020, leaving close to 20 000, the majority of employees, with jobs. But, if the merger with Sibanye-Stillwater does not go ahead, even those 20 000 jobs will be at risk, which is why Lonmin CEO Ben Magara has made an impassioned plea for the authorities, particularly competition authorities, to approve the company’s consolidation plans with Sibanye-Stillwater as soon as possible, as the fastidious South African Reserve Bank has already done. Lenders have given Lonmin a long runway and regulatory bodies need to do so as well.

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 
The Beneficiation Academy
The Beneficiation Academy

The Beneficiation Academy is a certified training institution that follows all compliance legislation and is accredited with various Sector...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.049 0.081s - 126pq - 2rq
Subscribe Now