Analysts Fear Reaction To Violence At Lonmin’s Mine

Globe and Mail reported analysts fear Lonmin PLC’s (LSE:LMI) Marikana mine, and the brutal police response, are a blow to South Africa’s beleaguered mining industry.

As quoted in the market news:

Analysts at Citigroup Inc. voiced fears, privately expressed by industry executives, that the deaths in Rustenburg could spark a reaction elsewhere in South Africa’s mining regions.

The platinum industry has not tended to provide the comfortable living conditions typical of the gold sector, they added, with workers often bussed in from nearby villages rather than accommodated on site.

Click here to read the full Globe and Mail report.