Lonmin CEO Warns of Coming Platinum Supply Shortage
Mining Weekly reported Lonmin's (LSE:LMI) CEO Ian Farmer said South Africa's platinum supply is risking supply disruption.
Mining Weekly reported Lonmin's (LSE:LMI) CEO Ian Farmer said South Africa's platinum supply is risking supply disruption.
Bloomberg reported Lonmin's (LSE:LMI) Chief Executive Officer says his company has unfinished business with Xstrata (LSE:XTA) who holds shares in the platinum miner.
Reuters reported South Africa's Chief Mine Inspector has set up a task team to review how and when platinum mines are shutdown due to safety concerns.
Mining Weekly reported after Lonmin (LSE:LMI) lost an appeal with South Africa’s Department of Mineral Resources Keysha has appealed for the same rights.
Bloomberg reported the FTSE/JSE Africa All Share Index gained 0.6 percent to 32,956.47 in Johannesburg.
Reuters Africa reported Solidarity, a South Africa union, has made a deal with Lonmin (JSE:LON).
Bloomberg reported some stocks in South Africa had unusual movement today.
Reuters Africa reported Lonmin (LSE:LMI,JSE:LON) said employees will receive pay rises and benefit improvements of up to 10 percent.
Reuters Africa reported South Africa's National Union of Mineworkers said it had sealed a 2-year wage deal with Lonmin (LSE:LMI).
2011 has been stormy for South African platinum miners and they may not be in the clear yet.
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