Source: Mining Weekly

Lonmin: Sibanye's Marikana restructuring good in the long run, say market commentators

Precious metals miner Sibanye-Stillwater's announcement that it would start consultations regarding the proposed 5 270 job cuts at its Marikana operations contained no information for the market, Mergence Investment Managers investment analyst Thobela Bixa told Mining Weekly Online on Thursday. He elaborated that prior to Sibanye acquiring Lonmin, Lonmin had already embarked on a restructuring process that would have resulted in the reduction of about 12 600 jobs over the next three years.

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