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Precious Metals & Minerals

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Revised Sibanye-Stillwater Business Plan Could Affect A Further 890 Staff

9:53am GMT

Dec 14 (Reuters) - Lonmin Plc ::LONMIN TO PUBLISH ANNUAL FINANCIAL STATEMENTS IN JANUARY 2018- SIBANYE PRESENTANTION.SIBANYE SAYS EXPECTS COMPETITION CLEARANCE TO BE OBTAINED IN H2 2018.LONMIN SHAREHOLDER APPROVAL AND COURT MEETING EXPECTED IN H2 2018.SIBANYE-STILLWATER SHAREHOLDER APPROVAL EXPECTED IN H2 2018.LONMIN CEO SAYS BELIEVES OFFER IS IN THE BEST INTERESTS OF LONMIN, LONMIN SHAREHOLDERS AND OTHER STAKEHOLDERS.LONMIN CEO SAYS LONMIN CONTINUES TO BE HAMSTRUNG BY LIQUIDITY CONCERNS.SIBANYE-STILLWATER REVISED MINE PLAN SEES JOB CUTS OF APPROX 12,600 EMPLOYEES OVER THREE YEARS AS LONMIN GENERATION ONE SHAFTS REACH END OF LIFE.REVISED SIBANYE-STILLWATER BUSINESS PLAN COULD AFFECT A FURTHER 890 STAFF.

Sibanye-Stillwater proposes to acquire Lonmin in deal valued at 285 mln pounds

7:00am GMT

Dec 14 (Reuters) - Sibanye-Stillwater ::‍PROPOSED ACQUISITION OF LONMIN BY SIBANYE-STILLWATER​.‍EXPECTS TRANSACTION TO BE NET ASSET VALUE ACCRETIVE ON CLOSING, EARNINGS AND CASH FLOW ACCRETIVE IN RESPECT OF SIBANYE-STILLWATER SHARES FROM 2021​.‍UNDER TERMS OF OFFER EACH LONMIN SHAREHOLDER WILL BE ENTITLED TO RECEIVE FOR EACH LONMIN SHARE 0.967 NEW SIBANYE-STILLWATER SHARES​.‍EACH LONMIN SHAREHOLDER WILL BE ENTITLED TO RECEIVE FOR EACH LONMIN SHARE 0.967 NEW SIBANYE-STILLWATER SHARES​.‍OFFER VALUES EACH LONMIN SHARE AT 86.3 PENCE AND REPRESENTS PREMIUM OF ABOUT 35 PCT TO CLOSING PRICE PER LONMIN SHARE OF 63.8 PENCE ON 13 DEC 2017​.REALISED R550 MILLION/ANNUM IN ANNUALISED OPERATIONAL SYNERGIES AS AT 30 JUNE 2017, SEES R1 BILLION OF ANNUALISED SYNERGIES BY 2018​.‍IDENTIFIED EXPECTED TOTAL PRE-TAX RUN-RATE SYNERGIES OF APPROXIMATELY R1,500 MILLION BY 2021​.‍ESTIMATES IMPLEMENTATION OF OVERHEAD SYNERGIES WOULD GIVE RISE TO EXPECTED ONE-OFF COSTS OF R80 MILLION, HEADCOUNT REDUCTION OF ABOUT 700​.‍IMPLEMENTATION OF PROCESSING SYNERGIES WOULD GIVE RISE TO EXPECTED ONE-OFF COSTS OF APPROXIMATELY R1,000 MILLION​.‍ASIDE FROM ONE-OFF COSTS REFERRED, DOES NOT EXPECT ANY MATERIAL DIS-SYNERGIES TO ARISE IN CONNECTION WITH ACQUISITION​.LONMIN BELIEVES IF LOW PGM PRICES PERSIST, REGARDLESS OF ACQUISITION IMPLEMENTED, POTENTIALLY IN EXCESS OF 12,000 JOBS IN LONMIN WOULD BE AT RISK OVER NEXT 3 YRS.

Deutsche Rohstoff Says Salt Creek Boosts Production In October By 61 Pct

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - DEUTSCHE ROHSTOFF AG ::DGAP-NEWS: DEUTSCHE ROHSTOFF AG: SALT CREEK BOOSTS PRODUCTION IN OCTOBER BY 61%.

Lonmin Says Completes Acquisition Of Pandora ​

Wednesday, 13 Dec 2017

Dec 13 (Reuters) - Lonmin Plc ::‍Lonmin Completes Acquisition Of Pandora ​.

Gem Diamonds ‍Updates On Ghaghoo Sale Process​

Tuesday, 12 Dec 2017

Dec 12 (Reuters) - Gem Diamonds Ltd ::‍UPDATE ON GHAGHOO SALE PROCESS​.‍DISCUSSIONS HAVE NOT RESULTED IN AGREEMENT BETWEEN PARTIES AND THIS OFFER HAS BEEN WITHDRAWN​.GEM DIAMONDS - PRESENTLY IN DISCUSSIONS WITH OTHER PARTIES INTERESTED IN ACQUIRING 100% OF GHAGHOO ASSET AND WILL UPDATE MARKET AS AND WHEN APPROPRIATE​.

Mmg Says Mmg Dugald River Entered Sales Agreement With Minmetals North-Europe

Friday, 8 Dec 2017

Dec 8 (Reuters) - Mmg Ltd <1208.HK>::SELLER MMG DUGALD RIVER ENTERED DUGALD RIVER ZINC CONCENTRATE SALES AGREEMENT WITH BUYER MINMETALS NORTH-EUROPE.SALE OF ABOUT 100,000 DRY METRIC TONNES OF ZINC CONCENTRATES PRODUCED BY GROUP AT ITS DUGALD RIVER MINE.

Russia's Alrosa says diamond sales at $334 mln in November

Thursday, 7 Dec 2017

Dec 7 (Reuters) - Russia's diamond producer Alrosa says::Alrosa sold $334.2 million worth of rough and polished diamonds in November, including $325.8 million of rough diamonds and $8.4 million of polished diamonds;.In January–November 2017, Alrosa's rough and polished diamond sales amounted to $4.0 billion, including $3.9 billion of rough diamonds;."Sales in November were consistent with our expectations. The core sales markets displayed strong demand for rough diamonds," Yury Okoemov, Alrosa deputy chief executive, said in a statement;.Compared with November of 2016, the company's sales rose 36 percent as they were partially boosted by low base effect..

SA's Competition Tribunal approves Sasol's acquisition of coal mining rights

Wednesday, 6 Dec 2017

Dec 6 (Reuters) - SOUTH AFRICA'S COMPETITION TRIBUNAL: :APPROVED A MERGER WHEREBY SASOL MINING AND IXIA COAL IS TO ACQUIRE RIGHTS TO AN INACTIVE AND UNDEVELOPED COAL MINE IN MPUMALANGA.MERGER BETWEEN TRANS HEX, RAC INVESTMENTAND WEST COAST RESOURCES HAS BEEN APPROVED BY THE TRIBUNAL WITHOUT CONDITIONS.APPROVED MERGER BETWEEN SAFETY SA, OWNED BY THE CARLYLE GROUP, AND NOSA GROUP DIRECTLY OWNED BY MICROMEGA HOLDINGS.BLUE LABEL TELECOMS MERGER WITH SMART PHONE DISTRIBUTOR 3G MOBILE APPROVED.

Jubilee Platinum Says To Change Name To Jubilee Metals Group Plc

Monday, 4 Dec 2017

Dec 4 (Reuters) - Jubilee Platinum Plc ::JUBILEE PLATINUM PLC - ‍SPECIAL RESOLUTION WAS PASSED TO CHANGE NAME OF CO FROM JUBILEE PLATINUM PLC TO JUBILEE METALS GROUP PLC WITH IMMEDIATE EFFECT​.

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