Picture: MOELETSI MABE/THE TIMES
Picture: MOELETSI MABE/THE TIMES

Lonmin, which is the subject of a friendly all-share takeover bid by Sibanye-Stillwater, managed to turn its first annual profit in four years.

The projected spend for 2019, however, has ballooned to well above the initial R976m while unit costs are also expected to increase in 2019.

Lonmin CEO Ben Magara joined Business Day TV to talk about the full-year results and the takeover.

Lonmin CEO Ben Magara talks to Business Day TV about the group’s full-year results