Lonmin Beats Earnings Estimates, Sees ‘Flat’ Prices in 2012 on Instability
Bloomberg reported Lonmin Plc (LSE:LMI) beat fiscal full-year profit estimates as demand for metals and prices rose.
Bloomberg reported Lonmin Plc (LSE:LMI) beat fiscal full-year profit estimates as demand for metals and prices rose.
Reuters Africa reported South African stocks closed at their highest level in nearly three months as demand for resources firmed.
Mining Weekly reported Lonmin (LON:LMI) is giving Cyril Ramaphosa’s Shanduka a fair crack at the platinum mining whip.
Bloomberg reports the FTSE/JSE Africa All Share Index fell for a third day, declining 327.12, or 1 percent, to 31,517.90 in Johannesburg.
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.
Bloomberg reports Lonmin Plc (LON:LMI) could fall short of its annual output target by about 2 percent if a strike at its Karee mine in South Africa continues.
Bloomberg reports some metals companies' stocks have seen significant changes today.
Reuters Africa reports Lonmin (LON:LMI,PINK:LNMIY) has dismissed 9,000 workers in South Africa after a union dispute prompted unsanctioned walk-offs.
Bloomberg reports that the FTSE/JSE Africa All Share Index rose 9.29, or 0.03 percent, to 32,668.15 in Johannesburg on April 26.
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