Each Lonmin shareholder will receive 0.967 new Sibanye-Stillwater shares for each Lonmin share they hold. Sibanye-Stillwater owns and operates a mix of gold and platinum mines and projects throughout South Africa, Zimbabwe and the United States. It is listed in Johannesburg and New York and has a market value of about 34 billion rand (£1.8 billion), compared with Lonmin’s £180 million. Shares in Lonmin rose steadily throughout the day to end 19.2 per cent higher at 76p. Sibanye-Stillwater shares slipped 2 per cent…

Source: The Times December 14, 2017 09:11 UTC