[miningmx.com] – LONMIN completed three black economic empowerment deals lifting black ownership in the company 8% and meeting the 26% equity threshold set down by the South African government.
“Our employees and host communities now have equity shareholding and a shared vested interest to see Lonmin succeed for their own benefit and that of our shareholders,’ said Lonmin CEO Ben Magara in a statement yesterday.
The transactions involve trusts covering the Marikana and Bapo Ba Mogale communities who live near Lonmin’s operations in the North West province of South Africa.
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