Dual-listed Sibanye-Stillwater’s subsidiaries, Western Platinum, Eastern Platinum and Lonmin – collectively known as the Marikana operations – have entered into a release and cancellation agreement with RFW Lonmin Investments regarding the early settlement of a prior streaming agreement. The long-term streaming facility, which is valued at $81-million, was settled by a cash payment of $50-million, funded through a new short-term platinum prepay facility secured from Merrill Lynch International.
