Lonmin restructures BEE partnership to make it bullet proof

There were high hopes for Lonmin's Incwala black-economic-empowerment (BEE) partner when it was initially put together several years ago. It had the imprimatur of no less a mining maestro than Brian Gilbertson and was guided in the early days by...

Lonmin shares rise as worst seems over for platinum miner

The shares of Lonmin rose 7% in Johannesburg and London as the market perceived the worst to be over for the right-sizing platinum miner, whose promised actions were largely on track. "We announced 700 000 oz and produced 683 000 oz. We were a...

Mvela Resources not interested in acquiring Incwala

Black economic empowerment (BEE) resources firm Mvelaphanda Resources (Mvela) on Friday refuted claims that it was interested in acquiring control of platinum producer Lonmin’s black empowerment partner, Incwala. Mvela said in a statement that...

Incwala hopes dashed as Mvela deal goes sour

What would have been South Africa's largest transaction between two black economic-empowerment firms has been called off. This morning, JSE-listed Mvelaphanda Group issued a notice to the Johannesburg bourse indicating that discussions with...