Sibanye said it had agreed to buy London-listed miner Lonmin for $380 million, the latest in string of deals that have reshaped the South African company into the world’s No. 2 platinum producer.

Topics:  london-listed   lonmin   south african   sibanye   platinum   buy   
BING NEWS:
  • Lonmin announces plans to slash costs amid struggles in South African platinum mining
    Lonmin plc (LON:LMI) has announced plans to slash costs, pointing to concerns about adverse macroeconomic conditions and inflationary cost pressures facing platinum miners in South Africa. Shares in the platinum producer fell 1.68% to 88p in morning trading.
    08/7/2017 - 9:39 am | View Link
  • South African Platinum Miners Struggle As Strikes Intensify
    The biggest setback came for major producer Lonmin. Which announced Thursday that its platinum ... and miners are going to rise over the coming weeks. After major platinum producer Sibanye Gold said it’s planning a major round of layoffs.
    01/27/2017 - 9:51 am | View Link
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