Platinum Company News Directory

Lonmin Plans to Cut 21% of Workforce in South Africa

The Guardian reported that South African focused platinum producer Lonmin (LSE:LMI) expects to cut roughly 21% of jobs at its South African operations. The cuts come "as part of a drive to increase profits" following this year's protracted strikes, according to the Guardian.

Aquarius Platinum Reports Improved Annual Results

Aquarius Platinum (ASX:AQP) has posted improved results for the year, according to Business Day Live. The company did well overall despite reporting a small reduction in revenues due to dampened platinum group metal prices and effects of the five month PGM miners strike in South Africa on Aquarius's tailings treatment business.