Platinum Leader Lonmin Shuts Down Again
Lonmin Plc, the world’s third-biggest platinum producer, closes again for another 25-30 days because of its smelter failure. The company operates in South Africa.
Analyst Charles Kernot at Evolution Securities is quoted saying:
“Lonmin’s troubled smelter has failed yet again, further undermining the company’s outlook for the rest of this year.”
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Mon, May 24, 2010
Post by Mike Rodger, Platinum Reporter