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Lonmin PLC (LONJ.J)

LONJ.J on Johannesburg Stock Exchange

29 Sep 2016
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-13.00c (-0.35%)
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Latest Key Developments (Source: Significant Developments)

Lonmin PLC aims to cut 3,500 South African jobs due to weak platinum price - Reuters
Thursday, 7 May 2015 10:55am EDT 

Lonmin PLC:Says it is in talks with unions and employees aiming to cut 3,500 jobs at its mines in South Africa, in an attempt to withstand low platinum prices - Reuters.The South Africa-focused platinum producer said it hopes it can achieve this through a voluntary process, with forced job cuts a last resort.  Full Article

Glencore PLC to divest 23.9 pct stake in Lonmin Plc
Wednesday, 11 Feb 2015 02:00am EST 

Glencore PLC:Says it intends during the H1 2015 to divest its non-core 23.9 pct stake in Lonmin Plc.Says it is currently proposed that the divestment in Lonmin will be implemented by way of a distribution in specie to Glencore shareholders.Says this distribution, currently representing c.$3 cents per Glencore share, will not impact Glencore’s approach towards its annual cash distribution consideration.  Full Article

Lonmin PLC completes BEE Transaction
Wednesday, 26 Nov 2014 04:00am EST 

Lonmin PLC:Completes three transactions which combined make up the remaining 8 pct of its Black Economic Empowerment.Completion of the royalty-for-equity swap transaction with the Bapo Ba Mogale Traditional Community.Establishment of the Lonplats Employees Share Ownership Trust (EST) which will acquire 3.8 pct of the ordinary share capital in Lonplats. Lonplats will implement a profit share scheme for the benefit of employees through this Trust.Establishment of the Lonplats Marikana Community Development Trust (CDT) which will acquire 0.9 pct of the ordinary shares in Lonplats for the benefit of specific communities residing in the western portion of Lonmin's Marikana operations.  Full Article

Britain's FTSE finishes higher on stronger miners

LONDON, May 16 Britain's top share index ended higher on Monday, with a rally in basic resources stocks on the back of stronger metals prices supporting the broader equities market.