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Lonmin in $200m loan deal with state-backed Chinese company

MINING.COM Staff Writer | October 22, 2018 | 4:45 am Base Metals Africa Platinum 

South Africa’s Lonmin (LON:LMI), the struggling platinum producer in the process of being taken over by rival Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), said Monday it had raised $200 million through a metal-for-loan deal with a state-backed Chinese company. Under the deal, Lonmin...

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