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Mining Weekly
May 23
Comment
Johannesburg-listed shares of Lonmin extended losses on Wednesday to over 5% as the spot platinum price plunged on a poor demand outlook.
At 10:07 GMT, the share price was 5.10% lower at R98.01, outpacing a 1.33% drop in Johannesburg's Top-40...
Mining Weekly
May 14
Comment
Labour dynamics are going through a sea change with the emergence of the Association of Mineworkers and Construction Union (AMCU) to rival the dominance of National Union of Mineworkers (NUM), says Lonmin CEO Ian Farmer.
Farmer, who heads South...
Financial Times
May 14
Comment
Safety shutdowns, falling prices and rising costs slash profits but miner says it will continue to invest because the ‘fundamentals remain sound’
Reuters
May 14
Comment
Platinum producer Lonmin said pre-tax profit tumbled in the first half of its financial year, as weak European demand weighed on prices and a record level of safety stoppages imposed by South African authorities hit its output and operating costs.
Mining Weekly
May 3
Comment
The National Union of Mineworkers (NUM) expressed shock on Thursday at increasing violence and intimidation at Impala Platinum and Lonmin mines.
The NUM's national executive appealed to both companies and the police to take drastic action against...
Reuters
Feb 9
Comment
Lonmin, the world's third-largest primary platinum producer, could be forced to review its closely watched 2015 output target if safety stoppages and strikes continue to batter the South African-based industry, its chief executive said.
Mining Weekly
Feb 8
Comment
The risk of a disruption of the supply of platinum from South Africa had heightened, Lonmin CEO Ian Farmer said on Wednesday.
Farmer told the Mining Indaba conference in Cape Town that, while supply disruption would have a marked impact because...
Mining Weekly
Jan 26
Comment
Soaring government-enforced safety stoppages at South African platinum mines have lacerated the production performances of mining companies Anglo American Platinum (Amplats) and Lonmin, latest production reports indicate.
Both companies say that...
Reuters
Jan 26
Comment
Lonmin, the world's third-largest platinum producer, lost 177,000 tonnes production to safety stoppages in its first quarter, more than eight times the level of a year earlier, and said current trends could threaten full-year targets.
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