Lonmin warned that there will be no platinum rebound before 2011/12
There would be no platinum price rebound before 2011/2012, a defensive Lonmin CEO Ian Farmer warned on Monday as he set out to surge $457-million in a rights issue and cut rand-based gross operating costs still further in South Africa, where 6 400 jobs have already been shed and 600 more are expected to go.
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Tue, May 12, 2009
Post by Melissa Pistilli, Platinum Senior Reporter