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Lonmin PLC (LONJ.J)

LONJ.J on Johannesburg Stock Exchange

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Mon, Nov 14 2016

Lonmin to carry on cutting output, expects subdued demand

LONDON, Nov 14 Lonmin Plc on Monday said it would continue closing inefficient production in 2017 to cut costs as the platinum miner expects demand is likely to be subdued in the near term.

Lonmin buys Amplats stake in Pandora platinum mine

Platinum mining company Lonmin Plc said on Friday it would buy Anglo American Platinum's (Amplats) stake in their joint venture Pandora mine for between 400 million rand ($28 million) and 1 billion rand.

UPDATE 2-Lonmin buys Amplats stake in Pandora platinum mine

* Amplats has only one labour intensive mine left (Adds detail, shares, analyst)

Lonmin buys out Amplats' stake in Pandora

Nov 11 Platinum mining company Lonmin Plc said on Friday it would buy Anglo American Platinum Ltd's stake of its joint venture on Pandora mine for a consideration of 400 million rand ($27.92 million).

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