Mining Weekly reported Lonmin (LON:LMI) is giving Cyril Ramaphosa’s Shanduka a fair crack at the platinum mining whip.
Bloomberg reports Lonmin Plc (LON:LMI) will provide more than 600 jobs for the Bapo Ba Mogale community that lives near its Marikana platinum mine.
Bloomberg reports Lonmin Plc (LON:LMI) started a prefeasibility study on a third furnace as the company begins to expand to reach it 2015 production goal.
Mining Weekly reports that Lonmin (LON:LMI,PINK:LNMIY,JNB:LON) has revised its capital expenditure to about $400-million a year until 2015.
The effect of Japan's earthquake on auto makers has a major impact on platinum markets because it affects demand. However, a move to nationalize mines in Zimbabwe may also play a major role in platinum's future due to potential effects on supply.
Bloomberg.com reports that Lonmin Plc (LON:LMI) reports that its' Q1 production fell by 26%.
Mining Weekly.com reports that Lonmin Mining (LON:LMI) has given a tender to emerging black economic-empowerment (BEE) construction companies for hostel conversions
Bloomberg.com reports that Lonmin Plc (LON:LMI) has exceeded fiscal full-year profit estimates and resumed dividend payments , attributed to a rise in both demand and cost.
Reuters.com reports that Lonmin (LON:LMI) predicts that the Platinum market will move into a deficit position by 2012.
Reuters.com reports that South African Unions will allow new talks with Lonmin (LON:LMI) regarding pay, but are unwilling to concede on amounts.
Monday, October 3, 2011