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    Sarb approves Sibanye Lonmin deal

    The South African Reserve Bank, as required in accordance with the Exchange Control Regulations of South Africa, has approved Sibanye-Stillwater's proposed acquisition of Lonmin, which was announced on 14 December 2017.
    Neal Froneman, CEO: Sibanye-Stillwater
    Neal Froneman, CEO: Sibanye-Stillwater

    The proposed transaction remains scheduled for closure during the second calendar half of 2018 and subject to, inter alia, the passing of the required resolutions by Lonmin and Sibanye-Stillwater shareholders and the approvals of the competition authorities of the United Kingdom and South Africa.

    “We are pleased to have received this important regulatory approval in a timely manner, which takes us another step closer to concluding this important transaction. Management remains focused on ensuring that the remaining conditions are met and will notify stakeholders as further progress is made,” Neal Froneman, CEO of Sibanye-Stillwater said.

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