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Lonmin unit's buyout of Pandora mine stake recommended for approval in South Africa

( May 9, 2017, 14:22 GMT | Official Statement) -- MLex Summary: Eastern Platinum's planned purchase of Anglo American Platinum's stake in the Pandora mine joint venture has received preliminary clearance in South Africa. Eastern Platinum is a subsidiary of UK company Lonmin, which formed the joint venture with Anglo American Platinum. The Competition Commission did not find competition or public-interest concerns and has recommended that the upper-tier Tribunal give approval without conditions.The full text of the statement follows....

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