Lonmin PLC (LONJ.J)

LONJ.J on Johannesburg Stock Exchange

23 May 2018
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-50.00 (-6.09%)
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Fri, May 18 2018

PLATINUM WEEK-Sibanye CEO confident of Lonmin takeover despite cash burn

LONDON, May 18 Sibanye-Stillwater is confident its planned purchase of Lonmin will go ahead, but the struggling platinum producer must slow its cash burn, the South African firm's chief executive said.

Sibanye's Lonmin takeover faces British antitrust scrutiny

LONDON Britain's Competition and Markets Authority said it will examine whether a takeover of Lonmin by South Africa's Sibanye-Stillwater would reduce competition, knocking shares in both mining firms.

UPDATE 3-Sibanye's Lonmin takeover faces British antitrust scrutiny

* Shares in Lonmin, Sibanye fall (Adds Sibanye comment, updates shares)

Britain's competition watchdog to look into Sibanye-Lonmin deal

May 15 Britain's Competition and Markets Authority (CMA) said on Tuesday it would examine whether a takeover by South Africa's Sibanye-Stillwater of miner Lonmin, would lessen competition.

UPDATE 2-Lonmin cuts H1 loss and trims spending ahead of Sibanye merger

* GRAPHIC: https://reut.rs/2KmVuY7 (Adds detail, quotes, analysts, shares, Johannesburg dateline)

Miner Lonmin narrows first-half loss, cuts annual spending target

LONDON, May 14 Lonmin said on Monday it narrowed its first-half operating loss and lowered its spending target for the year as the platinum miner prepared for a merger with Sibanye-Stillwater,

UPDATE 2-Impairment drives Lonmin deeper into loss ahead of takeover

* Sibanye says results don't affect its takeover plan (Adds detail)

Jobs the centre-piece of Sibanye-Lonmin merger scrutiny: Lonmin CEO

LONDON Plans to cut around 13,000 jobs are likely to be the biggest obstacle to miner Sibanye-Stillwater winning South African regulatory approval for its proposed takeover of troubled rival Lonmin , the CEO of Lonmin told Reuters.

South Africa's Sibanye-Stillwater to be No. 2 platinum miner with Lonmin buy

LONDON/JOHANNESBURG South Africa's Sibanye-Stillwater agreed to buy troubled miner Lonmin for about 285 million pounds ($382 million) to create the world's No. 2 platinum producer in a bid to ride out depressed prices for the metal.

Lonmin labor union considers taking action to fight Sibanye takeover

LONDON Lonmin's main labor union in South Africa said on Thursday it would consider mass action to oppose the takeover of the struggling platinum miner by Sibanye-Stillwater , which Sibanye has already said will lead to 12,600 job cuts.

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