Lonmin PLC (LONJ.J)
31 Aug 2015
** Mining stocks, battered by a rout in commodity prices, get hefty boost from activist investor Carl Icahn disclosing a stake in diversified miner & energy producer Freeport-McMoRan
* To cut output by 100,000 oz per year by end-2017 (Adds CEO comments)
Aug 27 - Platinum producer Lonmin Plc expects full-year underlying cash costs to stay below its guidance of 10,800 rand ($826) per ounce, the company said on Thursday.
PRETORIA - South Africa's mining ministry held talks with companies and unions over planned job cuts on Wednesday, as President Jacob Zuma's government frets over high unemployment ahead of key elections next year.
LONDON/JOHANNESBURG, July 30 - Platinum producer Lonmin is facing its deepest crisis to date, hurt by a downturn in the metal and haunted by a mixture of bad luck and debatable management choices that are putting its survival at risk.
* GRAPHIC-Asset returns: http://link.reuters.com/dub25t (Updates prices, adds comment)
* CEO says sees no risk to mining licence after Marikana probe (Updates with shares, CEO call, background)
JOHANNESBURG, July 24 - Platinum producer Lonmin said on Friday it was planning to close or mothball several mine shafts, putting 6,000 South African jobs at risk, because of depressed metal prices.
July 24 - South Africa's Lonmin Plc, the world's fourth-largest platinum producer by value, said it would close two of its shafts, affecting about 6,000 workers including contractors.
- Platinum producer Lonmin Plc is set to cut more than 5,000 jobs as a result of a slump in platinum prices, Sky News reported on Thursday.
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Lonmin PLC: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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