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Troubled platinum miner Lonmin appoints acting CEO
LONDON |
LONDON (Reuters) - Platinum miner Lonmin (LMI.L), facing a strained balance sheet, a shortfall in production and lost revenue after a violent strike that left 44 dead, has appointed its chief financial officer as acting chief executive.
The South Africa-focused company, the third-largest in the sector, said Simon Scott would take the helm while chief executive Ian Farmer pursues a course of treatment for an unspecified illness.
Lonmin said it would be "some months" before Farmer would return to work full time. (Reporting by Clara Ferreira-Marques; Editing by Helen Massy-Beresford)
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