Posts Tagged ‘lonmin plc’

| 18 min Eyewitness News understands a suspect involved in an attack on a platinum worker on the East Rand was shot and killed last week. Earlier this week, Eyewitness News exposed how employees of mining company Lonmin’s Western Platinum Refinery in Full story

Click here to read the whole story or read an excerpt below. By Carli Lourens Lonmin Plc (LMI), the third-largest platinum producer, started a prefeasibility study on a third furnace as part of preparations for possible expansion beyond its current 2015 Full story

Platinum group metal (pgm) miner Lonmin has seen production fall by 17,000 t/d following unprotected industrial action at its Karee operations. Full story

Lonmin, the world's fourth-largest platinum producer, said on Tuesday that its decision to dismiss about 9,000 of its employees will affect about a third of the company's production indefinitely. Full story

LONMIN , the world’s third-largest platinum producer, has laid off 9000 workers who were involved in unprotected industrial action at its largest mine that stemmed from a power struggle within the National Union of Mineworkers (NUM). Workers at the Full story

LONDON -(Dow Jones)- Lonmin PLC (LMI.LN), the platinum producer, Tuesday announced that it has started the process of dismissing those employees who have been participating in the unprotected industrial action at its Karee operations since May 17, adding Full story

Lonmin would invest about $2-billion (R13.3bn) in restarting mines and expanding production in South Africa to take advantage of the recovery in platinum group metals prices from a rout in 2008, the third-largest platinum producer said yesterday. Lonmin Full story

SA's third-ranked platinum miner, Lonmin emerges strongly from years of turmoil and restructuring with a 9% jump in platinum sales and a more than doubling in underlying proits Full story

April 26 (Bloomberg) -- Investors expanded their platinum holdings in funds faster than for any other precious metal this year, in a bet that mining companies digging as deep as 1.4 miles underground will fail to meet record consumption. ... Read the Full story

April 26 (Bloomberg) -- Investors expanded their platinum holdings in funds faster than for any other precious metal this year, in a bet that mining companies digging as deep as 1.4 miles underground will fail to meet record consumption. Assets in Full story