Source: Mining Weekly

Lonmin: Magna Mining buys Lonmin Canada

Explorer and developer Magna Mining on Tuesday announced the acquisition of Lonmin Canada from Sibanye-Stillwater and Wallbridge Mining for C$16-million, handing the company the Denison project, in Sudbury, Ontario. CEO Jason Jessup said that the closing of the transaction would be transformative for Magna and had several potential synergies with the company's fully permitted, advanced stage Shakespeare project.

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Annual Revenue
$1.3B
Employees
30,144
Ben Magara's photo - CEO of Lonmin

CEO

Ben Magara

CEO Approval Rating

68/100

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