Lonmin PLC (LONJ.J)
16 Nov 2018
LONDON South Africa's Public Investment Corporation (PIC) said it will support a takeover of platinum producer Lonmin by precious metals producer Sibanye-Stillwater .
* Gold Fields H1 profit unchanged (Recasts with CEO comment, adds results, share price)
JOHANNESBURG Miner Impala Platinum will slash about a third of its workforce over two years in one of the biggest rounds of job cuts by one mining company in living memory in South Africa as the platinum industry faces a day of reckoning.
* Mines minister says lay-offs "add injury to insult" (Adds government reaction, embeds graphics)
JOHANNESBURG/LONDON, June 28 Britain's Competition and Markets Authority (CMA) unconditionally cleared Sibanye-Stillwater's proposed takeover of Lonmin on Thursday saying the mining merger would not require a second phase investigation.
* Shares in Sibanye down 28 percent since start of May (Adds non-debt options)
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.