Sibanye-Stillwater, a precious metals miner, made an all-share offer for Lonmin in December last year in a £285million (R5.14billion) deal aimed at creating the world's number two platinum producer. Sibanye-Stillwater and Lonmin said the approval took the transaction a step closer to completion. "We remain excited about the proposed transaction, which we consider to be in the best interest of our stakeholders," the companies said.