Lonmin PLC (LONJ.J)
Nov 10 Gold inched up early Friday, holding near a three-week high amid uncertainty over U.S. tax reforms, and was on track for its first weekly rise in a month. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,286.30 per ounce at 0101 GMT. On Thursday, it touched its highest since Oct. 20 at $1,288.34 an ounce. The safe haven asset was up about 1.3 percent for the week so far. * U.S. gold futures for December delivery were flat a
JOHANNESBURG, Nov 6 South African stocks ended higher on Monday with Lonmin in the spotlight amid growing concerns about the future of the platinum miner.
MOOINOOI, South Africa The threat of a strike in South Africa put renewed pressure on Lonmin on Monday as Chief Executive Ben Magara sought to reassure investors that the platinum miner's underlying business was robust.
MOOINOOI, South Africa Lonmin has adequate liquidity and is not at risk of closure, the platinum mining company's chief executive told Reuters on Monday.
* Union threatens strike in coming weeks (Adds Solidarity union comment)
* Company has fallen short in the past on its social obligations
LONDON, Oct 6 Lonmin's lenders have waived some of its debt covenants, allowing the platinum miner to buy the rest of its Pandora joint venture mine, the South African-focused producer said on Friday.
Oct 6 Platinum miner Lonmin Plc said on Friday it expects full-year sales to be slightly above its prior forecast.
Platinum miner Lonmin Plc said on Monday it would cut costs and sell some assets, including processing capacity of up to 500,000 ounces per year, as it battles to overcome a weak market and to preserve jobs.
* Analysts say could risk long-term gain for short-term survival (Adds quotes, detail, analyst comment, share price)