AMCU moves to overturn Sibanye’s Lonmin deal

South African labour union the Association of Mineworkers and Construction Union (AMCU) has moved to block the acquisition of struggling platinum miner Lonmin by gold and platinum producer Sibanye-Stillwater by appealing the transaction’s regulatory approval. AMCU, which is the largest union at Lonmin, has filed an appeal with the Competition Appeal Court to overturn the Competition Tribunal’s November 21 decision clearing the all-share acquisition, Sibanye-Stillwater said late on Wednesday.