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Lonmin PLC (LMI.L)

LMI.L on London Stock Exchange

65.00GBp
11:17am EDT
Change (% chg)

-0.25 (-0.38%)
Prev Close
65.25
Open
66.50
Day's High
68.25
Day's Low
64.75
Volume
604,905
Avg. Vol
2,472,493
52-wk High
252.56
52-wk Low
61.50

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Wed, May 31 2017

Miner Lonmin confident it can turn around troubled business

LONDON South Africa-focused platinum producer Lonmin is pulling every lever to try to restore confidence in its ailing business, including reopening a major shaft and expanding its biggest operation, its chief executive said.

Lonmin shares tumble after costs trigger loss, deeper cuts planned

LONDON A drop in production and higher costs forced South Africa-focused platinum producer Lonmin to make deeper cuts and shift its headquarters on Monday as a first-half operating loss of $181 million knocked its shares.

UPDATE 1-Lonmin shares tumble after costs trigger loss, deeper cuts planned

* Shares fall sharply in London and Jo'burg (Adds detail, shares, quotes)

UPDATE 2-Protesters disrupt platinum producer Lonmin's operations in South Africa

* Lonmin says protests have lead to two shafts halting output

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