Lonmin: May buy Amplats' share of Pandora mine

Johannesburg - The chief executive of South African platinum producer Lonmin said on Friday it was considering buying out the rest of the joint venture in the Pandora mine that it operates with bigger rival Anglo American Platinum (Amplats).

“We are the most fitting business to be operating Pandora,” Ben Magara said in a conference call with journalists after the company released its quarterly production update.

Lonmin chief executive Ben Magara. Credit: INDEPENDENT MEDIA

Amplats has said it wants to sell its share of Pandora. - Reuters