Moratorium aside, Zwane approves Lonmin’s bid to acquire Anglo’s Pandora stake

July 26, 2017

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Mineral Resources Minister Mosebenzi Zwane has given platinum major Lonmin the go-ahead to acquire Anglo American Platinum’s 42.5% stake in the Pandora platinum joint venture (JV) operation, which saves the 3 000 jobs that would have been lost had the operation been placed under care and maintenance. Zwane granted consent for the cession of the right in terms of Section 11 of the Mineral and Petroleum Resources Development Act.

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