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  • Last updated

    6:59pm on Sep 25, 2020

The Boards of Sibanye-Stillwater and Lonmin are pleased to announce that they have reached agreement on the terms of a recommended all-share offer pursuant to which Sibanye-Stillwater and/or a wholly-owned subsidiary of Sibanye-Stillwater, will acquire the entire issued and to be issued ordinary share capital of Lonmin (the “Offer”). It is proposed that the Offer will be effected by means of a scheme of arrangement between Lonmin and the Lonmin Shareholders under Part 26 of the UK Companies Act. Under the terms of the Offer (as increased on 25 April 2019) each Lonmin Shareholder will be entitled to receive one New Sibanye-Stillwater Share for each Lonmin Share that they hold.

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In honour of the 44 who lost their lives at Marikana in 2012, Sibanye-Stillwater hosted a Memorial Lecture by Prof Thuli Madonsela.

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Marikana

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At 30 September 2018, Marikana had mineral reserves of 31.2 Moz 4E PGM and mineral resources of 160.8 Moz 4E PGM.

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Economic impact

We are focused on creating value for all of our stakeholders including driving economic growth wherever we operate.

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