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Mining Weekly
Nov 26
Comment
South African trade union Solidarity on Thursday reported that it had reached a wage agreement with platinum producer Lonmin, under which employees would receive a wage increase of 9,5%, backdated from October.
Solidarity spokesperson Jaco...
Commodity Online
Nov 17
Comment
In the wake of prevailed better momentum for the bullion in the world Lonmin Plc the world's third biggest platinum producer is planning to augment its production by one fifth by 2013.
Gold Stocks Today
Nov 16
Comment
Lonmin Plc, the world's third biggest platinum producer, swung to an annual loss on weak prices and lower output, but said it planned to boost output by a fifth by 2013 as prices climb on shortages.
Its shares gained as the company said it...
guardian.co.uk
Nov 16
Comment
Lonmin is leading the market higher as the FTSE 100 heads for a 14 month high, lifted by surging metal prices, especially gold.
Gold has hit a new record of more than $1130 an ounce, helped by continuing weakness in the dollar and stronger than...
Mining Weekly
Nov 16
Comment
Platinum miner Lonmin's revenue slumped 50%-plus in the year to September 30 and the company decided not to declare a final dividend for the second year in a row.
The flagship Marikana platinum mine in Rustenburg came in 2% below...
Financial Times
Nov 16
Comment
The platinum mining group swung to a pre-tax loss after metals prices slumped and it was forced to take action to restructure the company. But the group said prices were expected to rise over the next two years
MarketWatch
Nov 16
Comment
Platinum miner Lonmin said Monday that it swung to a fiscal-year loss of $285 million. Last year, the firm posted a profit of $455 million. Revenue dropped to $1.1 billion, from $2.2 billion a year ago. "The economic downturn following the credit...
Reuters
Oct 23
Comment
South African trade union Solidarity said on Friday it had rejected a 7.5 percent pay rise offer by Lonmin, the world's third-largest platinum producer, and stuck to its demand for a 10 percent rise.
Metal Bulletin
Oct 22
Comment
Lonmin will increase platinum sales to 700,000 oz in 2010, it said on Thursday, even as it conceded that the operating environment for South African precious metals producers remains challenging
Mining Weekly
Oct 22
Comment
Platinum demand levels were gradually improving and a slow firming in the platinum price could be seen, but no quick rebound was expected, Lonmin CEO Ian Farmer said on Thursday.
Farmer told Mining Weekly Online that the worst was behind the...
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