Spanner in the works of Sibanye-Lonmin deal

File: Sibanye's proposed takeover of Lonmin passed another regulatory hurdle as the South African Reserve Bank cleared the deal on Tuesday. Photo: REUTERS/Siphiwe Sibeko

JOHANNESBURG – The Mining Forum of South Africa is throwing a spanner in the works of the Sibanye-Lonmin takeover deal.

It said it is planning to file another motion in the high court on Friday to block the proposed R5.1-billion deal.

The forum’s president, Blessings Ramoba, said the group would do everything to protect the rights of the Bapo Ba Mogale community.

READ: Lonmin might shed more jobs than anticipated

Lonmin, the world’s third-largest platinum producer, has been operating on the Bapo Ba Mogale's mineral-rich land since 1969.

On Tuesday, the proposed takeover passed another regulatory hurdle as the South African Reserve Bank cleared the deal.

It still needs the approval of British and South African authorities.

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