Marikana proves to be a standout performer in Sibanye’s hands
Former Lonmin assets show their true worth with new management
The Marikana assets have been the standout SA platinum assets for Sibanye-Stillwater, underscoring a smart transaction for the world’s largest platinum group metals (PGMs) supplier as it considers a return to dividends.
Sibanye bought the whole of financially constrained Lonmin, then the world’s third-largest platinum miner, for R4.3bn in shares in June 2019. The assets, renamed Marikana, are showing their true worth in the hands of Sibanye’s management...