BizNis Africa
Latest News
South African Reserve Bank appoints new advisor for governors
The South African Reserve Bank (SARB) has appointed Fundi...
Deloitte Africa unveils 2018 Outlook for Emerging Market insights
The year 2017 saw Emerging Markets (EMs) become the...
African Real Estate demand soars
Demand for investment in African real estate is expected...
deVere Group launches cryptocurrency app in South Africa
A cryptocurrency app is to be launched by one...
African Economic Outlook 2018 officially launched in Côte d’Ivoire
The African Development Bank (AfDB) has officially launched the...
How to make the tax act work for you
South Africa has a highly favourable tax environment for...
Vumile Msweli
Vumile Msweli is the Chief Executive Officer at Hesed...
Royal Bafokeng Platinum gets approval for Maseve mine acquisition
Royal Bafokeng Platinum (RBPlat) announced today, 17 January 2018,...
Ghana fast tracks EMV migration
Gemalto, a digital security company is providing its PURE...
ICRC and Tony Elumelu Foundation empower Nigerian entrepreneurs
The International Committee of the Red Cross (ICRC) and...

Neal Froneman, Sibanye-Stillwater CEO

The Board of Sibanye-Stillwater is pleased to announce that it has reached agreement with the Lonmin Board on the terms of a recommended all-share offer pursuant to which Sibanye-Stillwater, will acquire the entire issued and to be issued ordinary share capital of Lonmin.

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.

“The proposed combination with Lonmin positions the Enlarged Sibanye-Stillwater Group as a leading mine-to-market producer of PGMs in South Africa. The realisation of significant synergies between the operations, which will deliver longer term benefits for all stakeholders of both companies is expected to result in this being a value accretive transaction for Sibanye-Stillwater Shareholders. The flexibility inherent in the larger regional PGM footprint, will create a more robust business, better able to withstand volatile PGM prices and exchange rates. Furthermore, the sizeable combined resource base, with its pipeline of advanced and early stage projects, also offers significant growth and value upside potential under appropriate economic and market circumstances,” says Neal Froneman, Sibanye-Stillwater Chief Executive Officer. 

Leave a Reply

Ver peliculas online
%d bloggers like this: