Does Lonmin still exist?
The takeover of Lonmin is now formally completed, making the merged entity a larger source of platinum than Anglo American Platinum. The merged group, which has assets in SA, Zimbabwe and the US, is now the second-biggest miner of platinum group metals (PGMs) behind Norilsk Nickel, according to Heraeus.
Who took over Lonmin?
JOHANNESBURG/LONDON (Reuters) – Sibanye-Stillwater and Lonmin cleared the final hurdle to forming the world’s second-largest platinum producer as their shareholders approved the South African firm’s 226 million pound ($286 million)takeover of its London-listed rival.
What happened Lonmin plc?
Lonmin plc, formerly Lonrho plc, was a British producer of platinum group metals operating in the Bushveld Complex of South Africa. It was listed on the London Stock Exchange….Lonmin.
| Formerly | Lonrho plc |
|---|---|
| Founded | 1909 (as the London and Rhodesian Mining and Land Company Limited) |
| Defunct | 2019 |
| Fate | Acquired by Sibanye-Stillwater |
What does Lonmin mine?
Lonmin is one of the world’s biggest primary producers of platinum group metals (PGM) and has been engaged in mining operations at Marikana since 1980s through two of its subsidiaries, Western Platinum and Eastern Platinum.
What does sibanye-Stillwater do?
Sibanye-Stillwater is a multinational mining and metals processing Group with a diverse portfolio of mining and processing operations and projects and investments across five continents.
Who owns Sibanye-Stillwater?
Neal John Froneman (62) Over the past seven years he has led the transformation of Sibanye-Stillwater from a 1.5Moz South Africa-based gold producer into a leading precious metals miner with an international operating footprint ranking among the world’s top three PGM producers.
What happened at Marikana?
What happened at Marikana? On 16 August 2012 a tactical response unit of the South African police shot and killed 34 striking workers and seriously wounded at least 78 others, who were part of a peaceful gathering on public land near the town of Marikana in North West Province.
How many were killed at Marikana?
How much does a mine CEO earn?
Among the world’s top-paid mining CEOs for the 2020 financial year, according to the report, were former Rio Tinto head, Jean- Sébastien Jacques, who walked away with $16.83 million (R265 million) and Barrick Gold’s Mark Bristow, who was paid $22.9 million (R361 million).
How many employees does Sibanye have?
Sibanye-Stillwater is a labour-intensive business, employing and contracting almost 85,000 people at its SA and US operations in a wide variety of trades and professions from miners to mechanics, accountants, geologists, IT specialists and more.
Is Sibanye-Stillwater a private company?
In 2020, the group employed 84,775 people, mostly in South Africa. Thus, Sibanye-Stillwater is one of the top four private sector employers in South Africa and the largest industrial employer in the state of Montana. Sibanye-Stillwater’s primary listing is on the Johannesburg Stock Exchange (JSE) in South Africa.
Is Sibanye Stillwater undervalued?
Sibanye-Stillwater May Be The Most Undervalued Mining Company Today.
What does Lonmin plc stand for?
Lonmin plc, formerly Lonrho plc, was a British producer of platinum group metals operating in the Bushveld Complex of South Africa. It was listed on the London Stock Exchange. Its registered office was in London, and its operational headquarters were in Johannesburg, South Africa.
Where is the headquarters of Lonmin?
Its registered office was in London, and its operational headquarters were in Johannesburg, South Africa. Lonmin rose to international attention following the Marikana miners’ strike in August 2012, in which over 100 striking Lonmin employees were shot (36 killed and 78 wounded) by South African Police Service officers.
Who is the CEO of Lonmin plc?
In 1999, Lonrho plc was renamed as Lonmin plc and a new era as a focused mining company began. In 2000 Gordon Haslem became CEO. In 2004 Brad Mills became CEO: Mills in turn announced his intention to resign from his position in 2008.
What is the difference between Lonrho and Lonmin?
Two publicly listed companies, Lonrho plc and Lonrho Africa plc were created – the former retaining all the non-African businesses and mining assets. In 1999, Lonrho plc was renamed as Lonmin plc and a new era as a focused mining company began.