Lonmin Plans To Raise $80 Million

Reuters reported after six weeks of strikes and 46 deaths, Lonmin (LSE:LMI) plans to raise $800 million from its investors to help finance recovery and help slash debt.

As quoted in the market news:

In August Lonmin’s Marikana mine was the scene of South Africa’s most violent episode since the end of apartheid, when police shot dead 34 people involved in the labor strife battering the country’s already beleaguered platinum industry.

Click here to read the full Reuters report.